The British Pound (GBP) fell against the U.S. Dollar (USD) as the greenback rose across the board for the first time in five sessions. The Sterling registering its biggest loss to the USD since August 19. The GBP/USD pair declined by 0.47% to the level of 1.3699. The pair has …
Read More »GBP/USD Logs Worst Loss in Two Months Settles at Lowest Level in a Month
The British Pound (GBP) declined on Thursday for the fourth consecutive day, maintaining a negative performance against the U.S. Dollar (USD) since the beginning of the week. The GBP/USD lost 0.82%, its biggest daily loss since June 18, to reach 1.3641, its lowest level since July. Month-to-date the pair is …
Read More »GBP/USD at Daily Lows on UK Retail Sales
GBP/USD was struggling a little after the UK’s mixed retail sales figures and was trading close to daily lows, around 1.3700. GBP/USD was fairly unwavering after UK data, showing that Core Retail Sales rose 0.5% in June compared to 0.4% expected and -1.3% previously. On a yearly basis, UK retail …
Read More »GBP/USD Closes at Lowest Level Since June 18
The British Pound (GBP) resumed losses against a stronger U.S. Dollar (USD), with the latter rising on the back of a rebound by Treasury bond yields. In addition, the Sterling remains impacted by the uncertainty surrounding plans to reopen the U.K. despite concerns about the coronavirus Delta variant. Today, the …
Read More »GBP/USD Rebounds from Two-Month Low
The British Pound (GBP) showed a mostly negative performance against the U.S. Dollar (USD) on Tuesday, ahead of the U.S. Federal Reserve’s interest decision and policy statement, which is due on Wednesday. The GBP/USD pair reached its lowest level in about two months at 1.4034, after falling from a daily …
Read More »GBP/USD Retreats Further Ahead of FOMC
GBP/USD continued its corrective slide from several-month highs, and reached its daily low, with a target of 1.3700. After optimism about the launch of Covid 19 vaccines and hopes for a global economic recovery faded, along with doubts about the timing of the US stimulus plan, all this affected the …
Read More »GBP/USD Soars Above 1.37, Highest Since 2018
GBP/USD has jumped above 1.37, hitting a new 2021 high at 1.3711. Cable has surpassed its previous high of 1.3711 and trades at the highest since 2018.
Read More »GBP/USD Declines on New Coronavirus Variant
Announcing the discovery of a new variant of the Coronavirus in the United Kingdom (UK) has led to the decline of the British Pound (GBP) on Monday. The GBP is down by 1.12% against the US Dollar (USD), trading at 1.3372. Earlier today, the GBP/USD pair fell as low as …
Read More »GBP/USD Declines Below 1.3130
The British Pound (GBP) declined against the US Dollar (USD) on Monday, after it was reported that a new vaccine against the Coronavirus disease (COVID-19) has proved effective in more than 90% of the tested cases. The GBP/USD pair is trading lower for the day by 0.21% at 1.3129. The …
Read More »GBP/USD Rises to Highest Level in Week
The British Pound (GBP) rose against the US Dollar (USD), as the later declined on election day, to its highest level in a week. The GBP/USD is trading higher by 1.05% at 1.3053. The pair has been moving today in a range between 1.2911 and 1.3079, after closing yesterday at …
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