GBP/USD — News Archive

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British Pound Crashes as PM May Faces Rebellion in Parliament

The British pound today rallied slightly higher in the early European session following the release of positive UK jobs data. The pound later witnessed a massive drop following Brexit headlines indicating that some Tory MPs were planning to sabotage PM May’s Brexit negotiating plan.

British Pound Declines Before Trump-May Meeting, Later Rallies Higher

The British pound today headed lower in the early European session following comments by Donald Trump ahead of his meeting with the British Prime Minister. However, the pound staged a recovery from the early American session as the US dollar experienced a modest retracement upon which the pound capitalized.

British Pound Trades Lower as Rebel MPs Oppose Latest Brexit Plan

The British pound today traded lower against the US dollar even as Theresa May‘s government is buffeted by rebellions from members of her Conservative Party who have resigned from their positions. The pound’s decline was further accelerated by the risk-off sentiment among investors triggered by the imposition of more tariffs by the US government on Chinese exports.

British Pound Rallies on Carney Speech, Later Declines on Brexit News

The British pound today rallied higher against the US dollar in the early European session following hawkish comments by the Bank of England Governor Mark Carney. The pound later erased all its gains in the American session following a news report that the German government was unconvinced with the UK’s latest post-Brexit Customs plan.

British Pound Rallies Higher on Upbeat UK Construction PMI Data

The Sterling pound today rallied higher against the US dollar following the release of upbeat Markit/CIPS UK Construction PMI data in the early European session. The pound’s rally drove the GBP/USD currency pair higher even as uncertainty loomed over the Brexit negotiations.

US Dollar Emerges as Strongest Currency Courtesy of Trade War Fears

The US dollar emerged as the strongest currency on the Forex market today after trade war tensions continued to escalate as US President Donald Trump chose the European Union as the new target for his criticism of unfair trade deals.

Great Britain Pound Rallies After Positive Revision to GDP

The Great Britain pound rallied today thanks to positive macroeconomic reports released in the United Kingdom. The most notable of them was the positive revision to gross domestic product.

Pound Drops, Manages to Recover Against Some Rivals

The Great Britain pound fell against its major rivals today, though currently the sterling managed to erase losses against some of them. The possible reasons for the decline were the strength of the US dollar and the dovish Financial Stability Report.

US Dollar Rises as Trump Avoids Harshest Measures on China

The US dollar today rallied higher against its main trading partners as news emerged that President Donald Trump‘s administration would not be pursuing the harshest measures against China. Several positive releases from the US docket such as the advance goods trade balance also served to strengthen the greenback in the early American session.

British Pound Falls on the BoE’s Newest Member’s Dovish Speech

The Sterling pound today fell to new lows against the US dollar following a dovish speech by the Bank of England‘s newest member Jonathan Haskel at his appointment hearing before the UK Parliament. Haskel’s comments coupled with renewed US dollar demand served to trigger the selling of the pound given that Haskel is replacing a hawkish BoE member.

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