GBP/USD: UK’s ILO unemployment rate remained steady in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.13% against the USD and closed at 1.3057. On the data front, UK’s ILO unemployment rate remained unchanged at 3.9% in the three months ended June. On the … Continue reading

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GBP/USD: UK’s BRC like-for-like retail sales climbed in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3074. In the Asian session, at GMT0300, the pair is trading at 1.3086, with the GBP trading 0.09% higher against the … Continue reading

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GBP/USD: UK house prices increased for the first time in five months in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.64% against the USD and closed at 1.3060 on Friday. On the data front, UK’s Halifax house prices rose 1.6% on a monthly basis in the three months … Continue reading

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GBP/USD: BoE keeps key interest rate steady

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.14% against the USD and closed at 1.3144, , after the Bank of England (BoE) forecasted a relatively less pessimistic outlook for the economy. The BoE, in its … Continue reading

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GBP/USD: UK’s services sector activity grew at its fastest pace in five years in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.41% against the USD and closed at 1.3125. On the data front, UK’s Markit services PMI climbed to 56.5 in July, compared to a level of 47.1 in … Continue reading

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GBP/USD: British Pound trading higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.3071. In the Asian session, at GMT0300, the pair is trading at 1.3088, with the GBP trading 0.13% higher against the … Continue reading

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GBP/USD: UK’s manufacturing activity grew in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.20% against the USD and closed at 1.3077. On the data front, UK’s Markit manufacturing PMI rose to a 16-month high level of 53.3 in July, compared to … Continue reading

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GBP/USD: UK’s Nationwide house prices unexpectedly rebounded in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.08% against the USD and closed at 1.3089 on Friday. On the data front, UK’s Nationwide housing prices unexpectedly rose 1.7% on a monthly basis in July, marking … Continue reading

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GBP/USD: British Pound extends its gains in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.84% against the USD and closed at 1.3099. In the Asian session, at GMT0300, the pair is trading at 1.3130, with the GBP trading 0.24% higher against the … Continue reading

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GBP/USD: UK’s consumer credit dropped in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.48% against the USD and closed at 1.2990. On the data front, UK’s consumer credit dropped by £0.1 billion in June, less than market expectations for a drop … Continue reading

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GBP/USD: UK’s CBI distributive trades survey realised rose in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.2928. On the data front, UK’s CBI distributive trades survey realised rose to 4.0% in July, hitting its highest level since … Continue reading

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