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.
The GDP/USD fell sharply to the lowest level in four weeks, as the Britain's consumer price inflation report showed weaker than expected reading for July.
Positive Britain's economic reports for June resulted in a solid jump in the GBP/USD exchange rate right after the data came in.
Positive Britain's economic reports for June resulted in a solid jump in the GBP/USD exchange rate right after the data came in.
Positive Britain's economic reports for June resulted in a solid jump in the GBP/USD exchange rate right after the data came in.
The Sterling strived to offset post-NFP losses, as Monday's report revealed that the UK home prices rose more than anticipated in July.
The Sterling strived to offset post-NFP losses, as Monday's report revealed that the UK home prices rose more than anticipated in July.
The Sterling strived to offset post-NFP losses, as Monday's report revealed that the UK home prices rose more than anticipated in July.
During the last month, Britain's officials fuelled expectations that the Central Bank was likely to raise interest rates, though Thursday's reports showed it unchanged, resulting in the immediate fall in the GBP/USD currency pair.
During the last month, Britain's officials fuelled expectations that the Central Bank was likely to raise interest rates, though Thursday's reports showed it unchanged, resulting in the immediate fall in the GBP/USD currency pair.
The British Pound depreciated against the US Dollar, as the data revealed that the UK construction industry grew at the slowest pace in 11 months in July.
GBP gained solid ground on the back of reports showing Britain's manufacturing activity expanding more than anticipated in July.
Wednesday's preliminary estimate of the UK's gross domestic product for the second quarter matched analysts' estimates, but signalled that its expansion has lost some momentum in relation to the previous year.
Wednesday's preliminary estimate of the UK's gross domestic product for the second quarter matched analysts' estimates, but signalled that its expansion has lost some momentum in relation to the previous year.
Wednesday's preliminary estimate of the UK's gross domestic product for the second quarter matched analysts' estimates, but signalled that its expansion has lost some momentum in relation to the previous year.
Wednesday's preliminary estimate of the UK's gross domestic product for the second quarter matched analysts' estimates, but signalled that its expansion has lost some momentum in relation to the previous year.
The stronger-than-expected UK retail sales report failed to support the British Pound, as the gain was thought to be related to temporary warm weather effects.