{"id":104002,"date":"2020-09-02T08:00:11","date_gmt":"2020-09-02T07:00:11","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104002"},"modified":"2020-09-02T07:50:32","modified_gmt":"2020-09-02T06:50:32","slug":"104104-gbp-usd-pair-trade-sub-1-34-ahead-of-boes-andrew-bailey","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104104-gbp-usd-pair-trade-sub-1-34-ahead-of-boes-andrew-bailey\/","title":{"rendered":"GBP\/USD: Pair Trade Sub $1.34 Ahead of BoE\u2019s Andrew Bailey"},"content":{"rendered":"<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\">Pound to US Dollar<\/a> (GBP\/USD) exchange rate is treading water after paring gains in the previous session. The pair settled on Tuesday +0.1% at US$1.3383, over 100 points off the 8-month high of US$1.3492 reached earlier in the session. At 06:15 UTCM, GBP\/USD trades flat sub US$1.34.<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rattled by emergency Brexit talks<\/strong><\/li>\n<li><strong>Footfall at British retail sites rose 6% in the week ending 29<sup>th<\/sup> August<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">USD<\/a> rebounded off session lows after ISM manufacturing showed that the recovery in the sector continues<\/strong><\/li>\n<li><strong>US ADP private payroll to show a solid 900,000 new hires in August vs 167,000 in July<\/strong><\/li>\n<\/ul>\n<p>The government have said that it will be difficult to reach a trade deal with the EU prior to the end of year deadline. Emergency talks between the two sides saw little progress once again, dragging on sentiment for Sterling.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to USD exchange rate<\/span><\/a><\/div>\n<p>The Pound had gained in the previous session following strong manufacturing PMI data and encouraging footfall figures. Footfall across all British retail destinations jumped 6% in the week ending 29<sup>th<\/sup> August. On an annual basis, footfall is still down -26.1%. However. this is the smallest decline since lockdown.<\/p>\n<p>Given the UK economy is so dependent on consumers spending, this figure creates some optimism surrounding the economic recovery. Still it will be interesting to see what happens to footfall numbers now that Chancellor Rishi Sunak\u2019s \u201cEat Out to Hel Out\u201d scheme has ended.<\/p>\n<p>Today investors will look towards a speech by Bank of England\u2019s Governor Andrew Bailey as he appears before the Treasury Select Committee.<\/p>\n<p>The US Dollar managed to pick itself up off session lows following better than forecast ISM manufacturing PMI. The report revealed that economic activity in the US manufacturing sector expanded at a stronger pace last month than in July. The ISM PMI jumped to 56, up from 54.2, hitting the highest level since January as the recovery in the sector continued.<\/p>\n<p>This week is a big week for US data. Today investors will be looking towards US Beige book release, factory orders and the ADP private payroll numbers ahead of Friday\u2019s non-farm payroll report.<\/p>\n<p>Analysts are expecting 900,000 jobs to have been created in the private sector in August, following a rather a lacklustre 167,000 increase in July. The ADP is considered by economists a good lead indicator for the US labour department\u2019s jobs report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Pound to US Dollar (GBP\/USD) exchange rate is treading water after paring gains in the previous session. The pair settled on Tuesday +0.1% at US$1.3383, over 100 points off the 8-month high of US$1.3492 reached earlier in the session. At 06:15 UTCM, GBP\/USD trades flat sub US$1.34. Pound (GBP) rattled by emergency Brexit talks [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5060,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1581,2451,1394,1888,1391,1397,1398],"class_list":{"0":"post-104002","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-adp","10":"tag-andrew-bailey","11":"tag-gbp","12":"tag-gbp-usd","13":"tag-pound","14":"tag-us-dollar","15":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD: Pair Trade Sub $1.34 Ahead of BoE\u2019s Andrew Bailey - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104104-gbp-usd-pair-trade-sub-1-34-ahead-of-boes-andrew-bailey\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104104-gbp-usd-pair-trade-sub-1-34-ahead-of-boes-andrew-bailey\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104104-gbp-usd-pair-trade-sub-1-34-ahead-of-boes-andrew-bailey\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD: Pair Trade Sub $1.34 Ahead of BoE\u2019s Andrew Bailey\",\"datePublished\":\"2020-09-02T07:00:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104104-gbp-usd-pair-trade-sub-1-34-ahead-of-boes-andrew-bailey\\\/\"},\"wordCount\":426,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104104-gbp-usd-pair-trade-sub-1-34-ahead-of-boes-andrew-bailey\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100739-gbp-eur-boe-lifts-pound-vs-euro.jpg\",\"keywords\":[\"adp\",\"Andrew Bailey\",\"gbp\",\"gbp\\\/usd\",\"pound\",\"us dollar\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104104-gbp-usd-pair-trade-sub-1-34-ahead-of-boes-andrew-bailey\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104104-gbp-usd-pair-trade-sub-1-34-ahead-of-boes-andrew-bailey\\\/\",\"name\":\"GBP\\\/USD: Pair Trade Sub $1.34 Ahead of BoE\u2019s Andrew Bailey - 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