Wednesday, 15 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
GBP/USD Clings to Gains, Just Below Mid-1.2200s Post-UK Macro Data
Thursday, 10 October 2019 16:02 WIB | CURRENCIES |PoundsterlingGBP/USD

The GBP/USD pair maintained its bid tone through the early European session on Thursday, albeit eased a bit from session tops in reaction to mixed UK macro data.

Having shown some resilience below the 1.2200 round-figure mark for the third straight session, the pair managed to regain positive traction on Thursday and was being supported by the prevalent US Dollar selling bias.

The positive momentum, however, lacked any strong follow-through and met with some fresh supply after the UK monthly GDP report showed that the economy unexpectedly contracted by 0.1% in August.

Adding to this, the UK manufacturing and industrial production contracted more-than-expected in August, though was partly offset by slightly lower-than-expected trade deficit figures for the same month.

 It will now be interesting to see if the pair is able to capitalize on the positive move or once again fizzles out at higher levels amid persistent uncertainties surrounding Britain's exit from the European Union.

Source : FX Street

RELATED NEWS
Dollar Falls on Rising Euro, Higher U.S. Stocks...
Tuesday, 14 July 2020 23:31 WIB

The dollar fell in North American trade on Tuesday as the euro rose on optimism about the possibility of a European Union stimulus package and as U.S. stocks gained. The U.S. dollar index, which meas...

Dollar Grinds Higher As U.S.-China Tensions And Virus Unnerve Investors...
Tuesday, 14 July 2020 15:48 WIB

The U.S. dollar edged up on Tuesday as diplomatic tensions between the United States and China and rising coronavirus cases knocked investor confidence, although moves in currency markets were small i...

Dollar in narrow range as U.S.-China tensions simmer, virus cases rise...
Tuesday, 14 July 2020 08:35 WIB

The dollar was hemmed into narrow ranges against most currencies on Tuesday as renewed concerns about diplomatic tension between the United States and China and rising coronavirus cases put a dent in ...

Dollar Falls as U.S. Earning Season Kicks Off...
Monday, 13 July 2020 23:12 WIB

The U.S. dollar edged lower on Monday as investors looked to domestic corporate earnings and upcoming retail data to gauge whether guarded optimism on the country's economic outlook is justified. The...

Dollar Decline Resumes As Investors Look To Economic Data, Earnings...
Monday, 13 July 2020 15:21 WIB

The U.S. dollar edged lower on Monday as investors looked to incoming global economic data and U.S. corporate earnings to gauge whether the markets™ guarded optimism on the economic outlook is justi...

LATEST NEWS
Hong Kong Stocks Close Lower (Review)

Hong Kong shares finished more than one percent lower Tuesday, in line with an Asian retreat, as traders fret over the reimposition of containment measures in several countries as the virus flares up again. The Hang Seng Index shed 1.14 percent,...

Wall Street ends higher, led by energy and materials

Wall Street ended higher on Tuesday, led by a surge in the Dow Jones Industrial Average, as investors bought energy and materials stocks and looked beyond a recent surge in coronavirus cases. The S&P 500 energy, materials industrial , health...

Oil rises slightly ahead of OPEC+ meeting

Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June, although demand concerns lingered due to increased cases of COVID-19 in the United States. Brent crude futures gained 18 cents, or 0.42%, to...

POPULAR NEWS
'Record-Highs in Sight': Gold on Path North of $1,800 This Week - Analysts
Monday, 13 July 2020 15:47 WIB

Gold is rallying for the fifth week in a row and the bullish trend is targeting the 2011 record-highs in USD-terms, according to analysts. At the...

Gold Futures Post Their First Gain in 3 Sessions
Tuesday, 14 July 2020 00:51 WIB

Gold futures climbed on Monday to score their first gain in three sessions, moving back toward the nearly nine-year high they reached on...

Gold Trades Steady as Virus, Equities’ Advance Weighed
Monday, 13 July 2020 08:25 WIB

Spot gold was steady in Asian trading as investors weigh virus developments in the U.S amid expectations Asian equities will open higher on...

Gold Steadies Amid U.S.-China Tensions, WHO's Warning
Tuesday, 14 July 2020 09:31 WIB

Spot gold was steady as investors weighed fresh tensions between the U.S. and China, this time over territorial claims, and the economic damage...