The British Pound depreciated against the Greenback by 49 base points or 0.36% falling further to touch an intraday low at the 1.3483 mark, after the Bank of England's Governor Mark Carney delivered a speech on Monday.
The Commerce Department reported that the US retail sales dropped unexpectedly 0.2% over the month of August, missing expectations for a 0.3% increase.
The Sterling managed to offset all Wednesday's losses after the Bank of England announced its decision to leave interest rates unchanged.
The Sterling continued an upmove in the Wednesday morning, though previous gains were partially offset after the disappointing report on the UK average earnings.
The Sterling jumped against the US Dollar to the highest level since late 2016, as Tuesday reports showed the strong growth in the UK consumer inflation.
The GBP/USD currency pair showed modest reaction on the UK economic releases on Friday, as the reports revealed mixed results for July.
The GBP/USD currency pair showed modest reaction on the UK economic releases on Friday, as the reports revealed mixed results for July.
The Institute for Supply Management reported that its PMI for the US non-manufacturing sector posted weaker-than-expected increase to 55.3 in August, following the prior month's figure of 53.9.
The Institute for Supply Management reported that its PMI for the US non-manufacturing sector posted weaker-than-expected increase to 55.3 in August, following the prior month's figure of 53.9.
The GBP/USD exchange rate rose quite a bit in the wake of slightly weaker Britain's Services PMI data.
The GBP/USD exchange rate fell in a wake of disappointing Britain's construction PMI report to continue trading in a wide-range dynamics.
The Sterling appreciated against the US Dollar, as the UK manufacturing sector reported a stronger-than-expected growth in August. GBP/USD rose to the 1.2930 mark to sustain the appreciation up until the US economic reports.
The National Association of Realtors revealed that pending home sales in the United States fell 0.8% over the month of July, as the property market kept facing hurdles form a limited supply of available houses, which pushed prices up.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
As it expected, the Sterling slightly appreciated against the Greenback after announcement of the UK Second Estimate GDP.
Yesterday the exchange has expectedly broke through the weekly S1 at 1.2799 and continued to slip to the bottom.
Yesterday the currency rate has left the rectangle formation in the southern direction and, thus, additionally confirmed an existing and dominating downtrend
The British Pound is continuing to move against the US Dollar in a rectangle or triple bottom formation
Beginning of the new week the British Pound started in a descending triangle pattern against the US Dollar.
After a full review of the technical situation on the GBP/USD pair, notable facts have been revealed.
A combination of the stronger-than-expected average earnings growth and lower unemployment in the UK contributed to a sharp increase in the GBP/USD.