Tag Archives: GBP

The British Pound (GBP) rose on Tuesday against the US Dollar (USD), to its highest level in about four months. The GBP appreciation came on the back of positive news about progress in the post-Brexit trade agreement between the UK and the EU. The GBP/USD is trading at 1.2939, up …

The British pound settled above $ 1.27 in the last day of Brexit negotiations, with investors looking for any headlines that might shed some light on whether Britain will exit the European Union with a deal at the end of the year. Media reports suggested the United Kingdom has given …

Sterling saw both-way movements on Wednesday, but it appears that it has now settled in the neutral territory 1.2540-35. After an early rally to 1.2565-70 region, the pair experienced a slight decline during the European session and was affected by buying around USD. The increasing number of Covid-19 cases provided …

British Pound higher against USD just above 1.2550, 0.08% on a day, the highest level since June 17, the cable (GBP/USD) was drawing a bullish picture on 4-hours chart with a bullish momentum. The cable broke above a downtrend support line that capped it since late June. Resistance awaits at …

The headline seasonally adjusted IHS Markit/CIPS UK services purchasing managers’ index (PMI) for business activity posted 47.1 in June, up from its level in May at 29, reaching its highest level in four months. The index survey showed that around 33% of participants reported a drop in business activity during …

The British Pound (GBP) achieved gains on Wednesday, as demand for the USD as a safe haven faded despite positive economic data in the United States. GBP is up by 0.43% against the Euro, and by 0.60% against the USD. Earlier, data showed that the UK manufacturing sector is showing …