Pound Sterling (GBP)

Employment Data To Lift Dollar Gloom? The US index looked firmer on the opening session this morning as it regained a foothold above 93. This comes after recording new 2020 lows from the end of last week. Increased hopes of a deal in the…
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Continued Woes Weigh On the Greenback The US index closed below 92 on Wednesday as sentiment remains negative over the contraction of the US economy. The ADP missed expectations on the number of private-sector jobs in the US. The figure…
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US Faces Continued Uncertainty The US Index closed towards the low 93's yesterday after rising for two days amidst positive PMI data. Further uncertainty remains over the lack of progression on a new US coronavirus relief bill. Talks…
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Uncertainty Looms on Jobless Claims Package The US Index halted its free-fall at the close on Tuesday. However, with the US far from reaching an agreement on its fiscal stimulus package, further weakness can be expected.  In addition,…
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After April GDP figures disappointed on Friday, there has been an increase in pessimism around the upcoming labor figures out of the UK. Tomorrow's data reflects the first whole month of shutdowns. This will, therefore, give us some…
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Coming up on Thursday, we have important GDP data coming out of the UK. The Manufacturing PMI will follow. Both datasets are typically released 40 days after the month ends. Therefore, the statistics will not reflect the significant…
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The pound sterling gave way as it weakened sharply against the dollar. Losing over 4% on the day, GBPUSD fell to the lowest levels since 1985. This comes as the 1.2000 handle broke away and offered little support. Price action in…
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Tomorrow, there will be a host of data coming out from the UK and volatility is expected to be on the higher side. Chief amongst the data will be the GDP growth and the Manufacturing Production. A few hours later, we will have another…
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Throughout last week, the view of analysts was that the PMIs published on Friday would be decisive as to whether the BOE cut rates during its first meeting of the year. But, in the end, the data split the difference and just increased…
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After nearly a year since President Trump started his trade war rhetoric against China, both parties have signed a deal. The phase one of the trade deal is seen by many as a first step towards easing trade tensions between the two…
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