GBP

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4097 The UK Services PMI expanded by more than anticipated in May, hitting 62.9. High-yielding currencies fell...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. UK PM Boris Johnson reiterated they are on track to fully reopen on June 21. UK money-related figures were mixed in April, Mortgage...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4158 The UK May Markit Manufacturing PMI was downwardly revised to 65.6 from 66.1. The UK reported zero new...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4204 The UK Markit Manufacturing PMI is expected to be confirmed at 66.1 in May. UK’s full reopening still...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4124 China has become the UK’s biggest single import market on record. The British Pound gave up to...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.4148 UK CBI Realized Sales unexpectedly contracted to 18 in May from 20 previously. Easing lockdown measures in...

GBP/USD Current price: 1.4159 BOE’s Governor Bailey said they would be watching inflation “very carefully.” UK health officials noted that local vaccines are effective against the Indian strain. GBP/USD is neutral in the near-term, but bulls hold the grip. The GBP/USD pair...

GBP/USD Current price: 1.4110 The UK April Consumer Price Index rose 1.5% YoY, surpassing the 1.4% expected. The risk-on mood was exacerbated by the FOMC Meeting Minutes. GBP/USD flirts with the 1.4100 threshold after meeting sellers around 1.4200. The GBP/USD pair fell on a daily basis,...

Persistent Brexit-related uncertainties continue to weigh on the British Pound. Dovish comments by BoE’s Saunders further dented the already weaker sentiment. Tuesday’s key focus will remain on the outcome of the Tory leadership contest. The GBP/USD pair remained depressed for the...

Currency futures are center stage this month, and the British Pound is in the spotlight today. The sterling has lagged this year, currently down over 6.5% from its yearly highs in mid-March. The prospect of a No-Deal Brexit on October 31 now looms ever larger, as Britain’s Conservative Party...

A goodish pickup in the US bond yields extended some support to the USD and capped gains. Fed rate cut expectations should limit any meaningful USD uptick and help limit the downside. Investors might refrain from placing fresh bets ahead of Tuesday’s UK monthly jobs report. The GBP/USD pair...

GBP/USD is pressured around 1.3000 as Brexit and trade talks are going nowhere. After the upbeat UK GDP, the next data point to watch is US inflation. The technical outlook is bearish for the currency pair. The impasses are beginning to take their toll. The US has imposed new tariffs on China...

GBP/USD is trading in the upper 1.2900s, extending its gains. USD weakness and hopes for a softer Brexit help. The technical picture has turned positive for the pair. ​​​​GBP/USD is extending its gradual recovery, trading closer to 1.3000 than to 1.2900. The US Dollar has been on the back foot on...

GBP/USD is trading above 1.2900, recovering from the lows. The Brexit impasse continues and the US GDP is set to shine. The technical picture is decidedly bearish for the pair. GBP/USD recaptured the 1.2900 handle after hitting a two-month low of 1.2865 on Thursday. The central downward driver is...

GBP/USD is consolidating its losses on the lower ground amid Brexit concerns.  UK data remains robust, but Brexit continues dominating the scene. The pair continues trading below the potent downtrend resistance line. GBP/USD is trading in the lower half of the 1.3000s, pressured to the...