GBP/USD — News Archive

    Archives

Pound Drops From 2-Month Highs as UK Retail Sales Disappoint

The British pound today fell from yesterday’s 2-month highs against the US dollar following Theresa May‘s victory in the no-confidence vote against her on Wednesday. The GBP/USD currency pair today declined as markets monitored Brexit developments amid low volatility.

Sterling Drops After Retail Sales Fall More than Expected

The Great Britain pound fell against other most-traded rivals, even the weak Japanese yen, after official data showed that retail sales declined last month.

Pound Trades Strongest After Theresa May Wins Confidence Vote

The Great Britain pound was the strongest major currency on the Forex market during Thursday’s trading after UK Prime Minister Theresa May won the confidence vote on Wednesday.

Sterling Range Bound on Mixed UK Data Before Leadership Vote

The Sterling pound today traded in a range as investors recovered from yesterday’s crazy swings following the historic Brexit vote. The GBP/USD currency pair was largely immune to most of the data released from the UK docket as investors remained cautious ahead of a Parliamentary no-confidence vote against Theresa May.

Pound Jumps After May Suffers Resounding Defeat in Brexit Vote

As was expected UK Prime Minister Theresa May suffered a defeat in the crucial Brexit vote. Yet apparently, traders used “sell the rumor, buy the fact” approach for the Great Britain pound as the currency jumped on the news.

Forecast: Great Britain Pound Waits for Brexit Vote

The Great Britain pound will likely experience significant volatility this week due to the upcoming Brexit vote. Because of the importance of the event, macroeconomic data should have a limited impact on the currency, being overshadowed by the vote.

US Dollar Ends Week Soft amid No Rate Hikes Outlook

The US dollar fell against most other currencies over the week as traders were becoming more and more convinced that the Federal Reserve may perform no interest rate hikes at all this year.

Dollar Mixed After Headline Inflation Slows

The US dollar was mixed following the release of an inflation report. Market analysts were still bearish on the currency, saying that there are not many factors that will support the greenback over the long term.

British Pound Rallies on Rumors That Brexit Would Be Delayed

The British pound today rallied higher against the US dollar in the European session on rumors that Brexit would be delayed. The GBP/USD had posted small gains after the release of mixed UK data where the GDP beat expectations, while manufacturing data missed estimates.

US Dollar Rebounds on Comments of Fed Chair Powell

The US dollar gained against its most-traded rivals today following yesterday’s losses caused by dovish monetary policy minutes released by the Federal Reserve. Market analysts explained the rebound by comments from Fed Chairman Jerome Powell.

Navigation

Menu