{"id":95523,"date":"2020-02-04T09:47:20","date_gmt":"2020-02-04T14:47:20","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=95523"},"modified":"2020-02-04T09:47:20","modified_gmt":"2020-02-04T14:47:20","slug":"102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/","title":{"rendered":"GBP\/USD: Pound steadies after biggest one-day drop this year"},"content":{"rendered":"

The British pound<\/a> is higher against the US dollar<\/a> on Tuesday, getting a boost from some much-needed improvement in UK construction activity. The pound fell out of bed on Monday after comments from the UK Prime Minister Boris Johnson increased Brexit<\/a> anxiety in currency markets.<\/p>\n

GBP\/USD<\/a> was higher by 20 pips (+0.15%) at 1.3016 with a daily price range of 1.294 to 1.302 as of 1.30pm GMT. The currency pair remains stubbornly attracted to the 1.30 handle, which is acting as a magnet to any inclines or declines in the price.<\/p>\n

GBP\/USD – Construction data showed pickup in business confidence inside the construction sector<\/h2>\n

Aside from the risk that a Canada-style FTA could create a lot of headaches for businesses adjusting to new rules outside the EU, fears were mounting that a \u2018Boris bounce\u2019 in the economy would never happen. If post-Brexit<\/a> trade negotiations get off to a sticky start, business investment might not provide the hoped-for oomph to the economy.<\/p>\n

The pickup in business confidence happened with the UK Government having said ever since the election that it is seeking a Free Trade Deal with the European Union. The Markit construction PMI rose to 48.4 higher than the 46.6 expected and well up from the 44.4 in December.<\/p>\n

United States Dollar<\/h2>\n

The dollar<\/a> is making early gains this week, up 0.58% against a basket of other currencies (US dollar index) and up 1.37% against the British pound.<\/p>\n

The gains came amid a sharp uptick in industrial activity in January. The consensus opinion among economists was that US economic activity<\/a> would pick up in the New Year, but the speed of the recovery has caught some by surprise. The ISM manufacturing PMI jumped back above the key 50 level that denotes expansion in January, having been languishing well in contraction territory in December.<\/p>\n

The removal of the uncertainty around the US China trade war has obviously made a big difference but the question moving forward will be how long that lasts given the coronavirus outbreak and negotiations over phase two of the trade deal.<\/p>\n

\n
Currencylive.com<\/em> is a news site only and not a currency trading platform.<\/em><\/h6>\n
Currencylive.com is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

The British pound is higher against the US dollar on Tuesday, getting a boost from some much-needed improvement in UK construction activity. The pound fell out of bed on Monday after comments from the UK Prime Minister Boris Johnson increased Brexit anxiety in currency markets. GBP\/USD was higher by 20 pips (+0.15%) at 1.3016 with […]<\/p>\n","protected":false},"author":163946598,"featured_media":5567,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1386,2229,1394,1457,1454,1398],"class_list":{"0":"post-95523","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-brexit","10":"tag-construction-data","11":"tag-gbp","12":"tag-manufacturing","13":"tag-pmi","14":"tag-usd"},"acf":[],"yoast_head":"\nGBP\/USD: Pound steadies after biggest one-day drop this year - Currency Live<\/title>\n<meta name=\"description\" content=\"The British pound is higher against the US dollar on Tuesday, getting a boost from some much-needed improvement in UK construction activity\" \/>\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\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/USD: Pound steadies after biggest one-day drop this year\",\"datePublished\":\"2020-02-04T14:47:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/\"},\"wordCount\":590,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100623-gbp-usd-investors-and-central-bank.jpg\",\"keywords\":[\"Brexit\",\"construction data\",\"gbp\",\"manufacturing\",\"pmi\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/\",\"name\":\"GBP\\\/USD: Pound steadies after biggest one-day drop this year - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100623-gbp-usd-investors-and-central-bank.jpg\",\"datePublished\":\"2020-02-04T14:47:20+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"description\":\"The British pound is higher against the US dollar on Tuesday, getting a boost from some much-needed improvement in UK construction activity\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100623-gbp-usd-investors-and-central-bank.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100623-gbp-usd-investors-and-central-bank.jpg\",\"width\":1200,\"height\":675,\"caption\":\"gbp-usd-coin-and-bank-note\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/USD: Pound steadies after biggest one-day drop this year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\",\"name\":\"Ileana Ionescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g\",\"caption\":\"Ileana Ionescu\"},\"description\":\"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/ileana-ionescu\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/USD: Pound steadies after biggest one-day drop this year - Currency Live","description":"The British pound is higher against the US dollar on Tuesday, getting a boost from some much-needed improvement in UK construction activity","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/","twitter_misc":{"Written by":"Ileana Ionescu","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/"},"author":{"name":"Ileana Ionescu","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"headline":"GBP\/USD: Pound steadies after biggest one-day drop this year","datePublished":"2020-02-04T14:47:20+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/"},"wordCount":590,"image":{"@id":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100623-gbp-usd-investors-and-central-bank.jpg","keywords":["Brexit","construction data","gbp","manufacturing","pmi","usd"],"articleSection":["GBP","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/","url":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/","name":"GBP\/USD: Pound steadies after biggest one-day drop this year - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100623-gbp-usd-investors-and-central-bank.jpg","datePublished":"2020-02-04T14:47:20+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b"},"description":"The British pound is higher against the US dollar on Tuesday, getting a boost from some much-needed improvement in UK construction activity","breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100623-gbp-usd-investors-and-central-bank.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100623-gbp-usd-investors-and-central-bank.jpg","width":1200,"height":675,"caption":"gbp-usd-coin-and-bank-note"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/102275-gbp-usd-pound-steadies-after-biggest-one-day-drop-this-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/USD: Pound steadies after biggest one-day drop this year"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/3d5cb0a6a22d357fc0b9ad562f35e75b","name":"Ileana Ionescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6ed3a7a555c25b7a0a1f9e6aeb6380726362fd35ff3348679ee5989680828ff2?s=96&d=blank&r=g","caption":"Ileana Ionescu"},"description":"With a background in business journalism, Ileana works as a Junior Market Analyst for Currency Live and creates content that brings transparency to our audience. Originally from Bucharest, Ileana most commonly transfers EUR to RON and speaks Romanian, English, Italian, Spanish and German.","url":"https:\/\/currencylive.com\/news\/author\/ileana-ionescu\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100623-gbp-usd-investors-and-central-bank.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/95523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946598"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=95523"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/95523\/revisions"}],"predecessor-version":[{"id":95524,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/95523\/revisions\/95524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5567"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=95523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=95523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=95523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}