.jpg)
GBP/USD gatherings after 1.3000, while China rises with the trade war with us
The pound sterling (GBP) extends its gains against the US dollar (USD) with the escalation of the trade war between the United States of China, as Beijing imposed a tariff of 125 % on American goods. Commercial policies continue to pay price measures, taking economic data in the back seat. At the time of writing this report, GBP/USD is traded at 1.3067, an increase of 0.77 %. Read more …
GBP/USD climbs above 1.3100 on twice the dollar
After closing the third consecutive day in the positive lands on Wednesday, GBP/USD maintains its upscale momentum and rises about 1 % per day at about 1.3100. Read more …
The GDP in the United Kingdom decreases by 0.5 % mom in February compared to 0.1 % expected
UK economy expanded in February, with gross domestic product (GDP) Recovery 0.5 % after registration of any growth in January, the latest data published by the National Statistics Office (ONS) showed on Friday. The market’s expectations for 0.1 % growth were in the reported period.
Meanwhile, the services index (February) came 0.6 % 3M/3M compared to 0.4 % in January.
Other data from the United Kingdom showed that industrial and monthly manufacturing production jumped by 1.5 % and 2.2 %, respectively, in February. Both readings are the best market expectations. Read more …
