Tag: GBP/USD

GBP/USD – British Pound Gains Ground on Strong Services PMI

The British pound has moved higher in the Tuesday session. In North American trade, GBP/USD is trading at 1.3376, up 0.46% on the day. On the release front, British Services PMI improved to 54.0, marking a 3-month high. This beat the estimate of 52.9 points. On the release front, U.S manufacturing and employment reports were […]

Live FX Market Analysis – 5 June 2018 (Video)

In this week’s webinar, Senior Market Analyst Craig Erlam discussed the major events moving financial markets right now including political chaos in Italy and Spain and Trump’s tariffs on the EU, Canada and Mexico. He also previewed the week ahead. Craig also gives his live analysis on EURUSD (13:31), GBPUSD (17:04), EURGBP (18:39), AUDUSD (19:24), […]

US Futures Higher Ahead of Data

Investors Buoyed By Easing Political Threat From Europe US equity markets are poised to open a little higher again on Tuesday, buoyed again by an apparent easing of political stress in Europe which was weighing on sentiment last week. Ahead of the G7 meeting, there is plenty to be wary about for investors, most notably […]

GBP/USD – British Pound Higher as Construction PMI Beats Estimate

The British pound has moved upwards at the start of the week. In Monday’s North American session, GBP/USD is trading at 1.3384, up 0.25% on the day. On the release front, British Construction PMI remained unchanged at 52.5 in April, above the estimate of 52.0 points. There is just one event on the calendar, with US […]

GBP/USD – British Pound Trading Sideways, Manufacturing PMI Next

The British pound is almost unchanged in the Thursday trade. In the North American session, GBP/USD is trading at 1.3300, up 0.013% on the day. On the release front, British GfK Consumer Confidence remains weak, pointing to a glum British consumer. The indicator came in at -7, just above the estimate of -8 points. In the […]

GBP/USD – British Pound Steady, U.S GDP Meets Expectations

The British pound has posted gains in Wednesday trade, erasing the losses seen on Tuesday. In the North American session, GBP/USD is trading at 1.3287, up 0.26% on the day. On the release front, U.S numbers were mixed. U.S Preliminary GDP came in at 2.2%, just shy of 2.3%. However, ADP nonfarm payrolls dropped sharply to […]

GBP/USD – How Much More Downside Ahead? (Video)

Nick Batsford, CEO of Core London is joined by Craig Erlam, Senior Market Analyst at OANDA to discuss GBPUSD and what factors are influencing the currency pair. Markets Pare Losses as Talks Continue in Italy CAC Steady Despite Soft French Numbers Bank of Canada Next

GBP/USD – British Pound Loses Ground, 1.32 Line Under Pressure

The British pound has posted losses in Tuesday trade. In the North American session, GBP/USD is trading at 1.3263, down 0.36% on the day. Earlier in the day, the pair touched a low of 1.32o4, its lowest level since November. On the release front, CB Consumer Confidence dipped to 128.0, missing the estimate of 128.0 […]

GBP/USD – British Pound Steady as U.S and U.K Markets on Holiday

With U.S and British banks closed for holidays on Monday, the currency markets are having a quiet day. In North American trade, GBP/USD is trading at 1.3309, up 0.06% on the day. There are no British or U.S indicators on the schedule. On Tuesday, the US releases CB Consumer Confidence. It was a disappointing week […]

GBP/USD – British Pound Drops to 2018 Low as Inflation Heads Lower

The British pound has posted considerable losses on the Wednesday session. In North American trade, GBP/USD is trading at 1.3356, down 0.57% on the day. Earlier in the day, the pair touched a low of 1.3305, its lowest level since December. On the release front, British CPI continued to fall, coming in at 2.4%. This was […]