Open Close High Low Change
Fine.GLD10gm 49810 50070 50070 50070 260 (0.52%)
TJB.GLD.10gm 49555 49815 49815 49815 260 (0.52%)

Gainers & Loosers

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Today Market

26 Apr 2018

Great Britain Pound Vs United States Dollar (GBPUSD)


GBP/USD is supported in the range of 1.3900 levels and currently trading at 1.3924 levels. It reached session high at 1.3955 and dropped to session low at 1.3920 levels. The British declined against the greenback on Wednesday as the U.S. currency strengthened on the back of rising Treasury yields, while traders remained cautious ahead of British first-quarter economic growth numbers due on Friday. The release will be the last key data issued before the Bank of England's Monetary Policy Committee meeting early next month, and markets are split over whether the central bank will raise interest rates. Governor Mark Carney dented confidence that a rate hike would happen when he said last week that Britain's economic data was "mixed" and that there were several other MPC meetings later this year. That sent sterling plummeting from post-Brexit vote highs and left it down for the month of April. The pound did snap its losing streak and rise on Tuesday and overnight on news of a potentially positive M&A deal.But with the dollar rebounding on Wednesday as the 10-year Treasury yield topped 3 percent, investors sold the pound. The pound fell 0.3 percent to $1.3938 as the dollar gained across most major currencies, and sterling was left close to a five-week low of $1.3919.Sterling remains more than four cents off its post-Brexit vote highs of $1.4377 hit last week.