GBP/USD Live News

This page provides live coverage and news analysis on the GBP/USD currency pair

Aug. 6, 2020

Sterling rallies beyond 1.3179 for the first time in 5 months

Live - Updated 2 minutes ago.

GBP/USD rallied 55 pips (0.42%) deep into the session trading at 1.3176.

Pound/Dollar green move comes while some more encouraging signs are out as United Kingdom Construction PMI (Jul) beats expectations of 57.0 with new data release of 58.1. This is also a step forward from the previous data of 55.3.

Despite this, other data released earlier might suggest a different path as United Kingdom Services PMI fall short of the 56.6 projections, with 56.5 and continued its downward trajectory from previous figure of 47.1. United Kingdom Composite PMI fall short of the 57.1 projections, with 57.0 and continued its downward trajectory from previous figure of 47.7.

Meanwhile, United Kingdom BoE Interest Rate Decision (Jul) released today at 6:00 AM with a figure of 0.10%, while the previous figure was 0.10%.

With no clear-cut projections the market is looking forward for United Kingdom House Price Index set for tomorrow at 7:30 AM.

Aug. 5, 2020

New 4 months high for Sterling at 1.3121

(22:00) GMT

GBP/USD rallied 45 pips (0.35%) deep into the session trading at 1.3112.

Uptick comes while some more positive signs for British Pound are out as New data for United States ISM Non-Manufacturing PMI (Jul) was released today at 2:00 PM comes out at 58.1, beating projections of 55.0 and showing improvement over the preceding figure of 57.1.

Despite this, other data released earlier might suggest a different path as United Kingdom Services PMI fall short of the 56.6 projections, with 56.5 and continued its downward trajectory from previous figure of 47.1. United Kingdom Composite PMI fall short of the 57.1 projections, with 57.0 and continued its downward trajectory from previous figure of 47.7.

Positive Pound/Dollar indicators are expected going forward as United Kingdom Construction PMI (Jul) is projected to outperform last figure with 57.0, while it previously stood at 55.3, data will be released tomorrow at 8:30 AM.

With no clear-cut projections the market is looking forward for United Kingdom BoE Interest Rate Decision (Jul) set for tomorrow at 6:00 AM.

Aug. 4, 2020

Stable day for Pound/Dollar, trading around 1.3065

(22:00) GMT

GBP/USD slides down from 1.3074 to 1.3065, taking a 8 pips loss (-0.07%).

This in-between state for Pound/Dollar is reflected by market data published as United Kingdom Manufacturing PMI fall short of the 53.6 projections, with 53.3 and continued its downward trajectory from previous figure of 50.1. United States ISM Manufacturing PMI (Jul) beats expectations of 53.6 with new data release of 54.2. This is also a step forward from the previous data of 52.6. United States API Weekly Crude Oil Stock fall short of the -3.300M projections, with -8.587M and continued its downward trajectory from previous figure of -6.829M.

Meanwhile, mixed performance are seen elsewhere as Pound/Yen lost 30 pips from the start of the session, trading at 138.039 levels. Euro/Pound is trading around 0.9027 (up 29 pips).


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Aug. 3, 2020

Stable day for Sterling, trading around 1.3075

(22:00) GMT

GBP/USD slides down from 1.308 to 1.3075, taking a 4 pips loss (-0.04%).

This limbo state for Pound is reflected by market data published as United Kingdom Manufacturing PMI fall short of the 53.6 projections, with 53.3 and continued its downward trajectory from previous figure of 50.1. United States ISM Manufacturing PMI (Jul) beats expectations of 53.6 with new data release of 54.2. This is also a step forward from the previous data of 52.6. United States ISM Manufacturing Employment (Jul) released earlier shows an improvement to 44.3 from the preceding data of 42.1, but falls short of the projected 48.3.

Meanwhile, mixed performance are seen elsewhere as With no major change Pound/Yen is trading around 138.474. With no major change Euro/Pound is trading around 0.8993.

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