The Pound tests the bottom boundary of a four-week channel near 1.4050.
In case the prevailing channel up is to prevail, traders might see a fall down to the 1.41 area this week.
The Census Bureau reported that the country's core durable goods orders came in better than expected, posting 1.2% uptick in February and surpassing the forecast of a 0.5% surge.
The Census Bureau reported that the country's core durable goods orders came in better than expected, posting 1.2% uptick in February and surpassing the forecast of a 0.5% surge.
The British Pound jumped versus the Greenback after the UK official bank rate was released on Thursday.
The British Pound strengthened against the Greenback, following one high and two medium impact releases that were published simultaneously on Friday.
The British Pound weakened against the Greenback, following the releases of the UK Consumer Price Index and Producers Price Index.
The US Census Bureau revealed on Friday that the US building permits data did not meet expectations, showing the growth pace of only 1.30M units in February, following the downwardly revised 1.38M reading in the prior month.
The US Census Bureau revealed on Friday that the US building permits data did not meet expectations, showing the growth pace of only 1.30M units in February, following the downwardly revised 1.38M reading in the prior month.
The three simultaneously released reports created small increase in volatility in the financial currency market.
The US Census Bureau revealed on Wednesday that US retail sales data did not meet the expectations, instead the gauge fell by 0.1% in March, continuing the slowdown in the first quarter of 2018.
The US Bureau of Labour Statistics revealed on Tuesday that February consumer price index hit the forecasts, rising at a 0.2% pace, following the 0.5% up-move recorded in the previous month.
The Sterling depreciated against the US Dollar, following the release of factory output data on Friday.
The Sterling depreciated against the US Dollar, following the release of factory output data on Friday.
The US private sector created 235K jobs in the reported month, expanding at a slightly slower pace than in January.
The US private sector created 235K jobs in the reported month, expanding at a slightly slower pace than in January.
The US economy kept expanding in February, data showed on Monday.
The Sterling rallied against the US Dollar in the wake ofthe report by Markit on the UK services industry.
The dominant support was met exactly as expected. The currency pair rebounded against it. However,
The dominant support was met exactly as expected. The currency pair rebounded against it. However,
The Pound has continued its decline against the US Dollar in the short term pattern, which was charted on Wednesday.
During this week everything was about the US Federal Reserve. Yesterday the expected testimony of the head of the Fed occurred. As a result,
The Sterling was seen weaker against the US Dollar after the UK GDP growth report came in on Thursday.
The US National Association of Realtors reported that in January the existing home sales slumped for the second month in a row.