GBP/USD: Pound sapped by weak retail sales data

For the 24 hours to 23:00 GMT, GBP fell 0.83% against the USD and closed at 1.5034, after retail sales in the UK fell below market expectations, dropping 1.3% (MoM) in April, following a revised 0.6% fall recorded in the … Continue reading

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GBP/USD: Pound slipped as inflation cooled in April

  For the 24 hours to 23:00 GMT, GBP fell 0.67% against the USD and closed at 1.5160, following a lower-than-expected 2.4% drop in the UK inflation rate in April, against the expected 2.6% decline. In the Asian session, at … Continue reading

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GBP/USD: Pound trading tad lower this morning; UK CPI data awaited later today

For the 24 hours to 23:00 GMT, GBP rose 0.58% against the USD and closed at 1.5263. Yesterday, the President of the Chicago Federal Reserve Bank, Charles Evans, stated that the central bank’s policy stance is appropriate and that the … Continue reading

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GBP/USD: UK house prices advanced in May

  On Friday, GBP fell 0.69% against the USD and closed at 1.5171. The Rightmove house prices data from the UK released over the weekend indicated an improvement in the UK housing market. On an annual basis, the house price … Continue reading

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GBP/USD: Pound trading lower in the Asian session

  For the 24 hours to 23:00 GMT, GBP rose 0.26% against the USD and closed at 1.5277. In the Asian session, at GMT0300, the pair is trading at 1.5246, with the GBP trading 0.20% lower from yesterday’s close. The … Continue reading

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GBP/USD: UK unemployment dropped unexpectedly in the three months to March

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5238. The ILO unemployment rate in the UK fell to 7.8% in the three months to March, from 7.9% recorded earlier. Moreover, the … Continue reading

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GBP/USD: BoE inflation report eyed

  For the 24 hours to 23:00 GMT, GBP fell 0.51% against the USD and closed at 1.5228. On the economic front, the Conference Board leading economic index in the UK rose 0.4% in April, following the similar rate of … Continue reading

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GBP/USD: UK economy to strengthen, indicates CBI

  For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.5306. Yesterday, the Confederation of British Industry (CBI) reported that the UK economy would expand 0.3% in this quarter, rising to 0.4% for … Continue reading

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GBP/USD: UK trade deficit narrowed less-than-expected in March

  On Friday, GBP fell 0.58% against the USD and closed at 1.5354. In the UK, total trade deficit fell to £3.130 billion in March, from a revised £3.391 billion deficit recorded in the previous month. Market had expected a … Continue reading

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GBP/USD: BoE refrains from expanding stimulus, maintains key interest rates

  For the 24 hours to 23:00 GMT, GBP fell 0.62% against the USD and closed at 1.5444. The Bank of England (BoE), in its monetary policy meeting yesterday, kept its benchmark interest rates unchanged at 0.5%, in line with … Continue reading

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GBP/USD: Markets await BoE interest rate decision

  For the 24 hours to 23:00 GMT, GBP rose 0.40% against the USD and closed at 1.5541. Halifax house prices rose 1.1% (MoM) in April, following a revised 0.2% increase recorded in the previous month. Market had expected a … Continue reading

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