GBP/USD: BoE’s Carney hints at gradual interest rate rises, warns of Brexit repercussions

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.6% against the USD and closed at 1.3515, after the Bank of England (BoE) Governor, Mark Carney, indicated that any future interest rate hikes would be limited and … Continue reading

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GBP/USD: Interest rate could rise in the coming months: BoE’s Vlieghe

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.45% against the USD and closed at 1.3597 on Friday, propelled by upbeat comments from one of the dovish Bank of England’s (BoE) committee member. The BoE policymaker, … Continue reading

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GBP/USD: BoE stands pat on interest rates, signals at an interest rate hike in coming months

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.42% against the USD and closed at 1.3403, after the Bank of England (BoE) struck a hawkish tone at its latest monetary policy meeting. The BoE, as widely … Continue reading

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GBP/USD: UK’s unemployment rate lowest since 1975 in the three months through July but wage growth remained sluggish in the same period

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.61% against the USD and closed at 1.3215, after the latest labour market report painted a bleak picture of Britain’s wage growth. Data showed that UK’s average earnings … Continue reading

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GBP/USD: British annual inflation surged 2.9% in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.9% against the USD and closed at 1.3296, surging to a one-year high level, after larger-than-expected rise in UK inflation reinvigorated hopes that the Bank of England (BoE) … Continue reading

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GBP/USD: Pound trading a tad higher, ahead of Britain’s inflation data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.3177. In the Asian session, at GMT0300, the pair is trading at 1.3178, with the GBP trading marginally higher against the … Continue reading

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GBP/USD: UK’s manufacturing production rebounded for the first time this year in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.79% against the USD and closed at 1.3200 on Friday, following upbeat economic data from the UK. Macroeconomic data revealed that Britain’s manufacturing production rebounded more-than-expected by 0.5% … Continue reading

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GBP/USD: UK’s Halifax house prices grew at its quickest pace this year in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.37% against the USD and closed at 1.3096, after UK’s Halifax house price index climbed more-than-expected by 1.1% on a monthly basis in August, surging at its fastest … Continue reading

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GBP/USD: Pound trading a tad lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.3048. In the Asian session, at GMT0300, the pair is trading at 1.3043, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: UK’s service sector growth slowed to nearly 1-year low level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.88% against the USD and closed at 1.3041, as investors brushed-off disappointing UK services sector report. Data indicated that Britain’s Markit services PMI declined more-than-expected to a level … Continue reading

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GBP/USD: UK’s construction sector growth eased to its lowest level in a year in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.26% against the USD and closed at 1.2927, following downbeat construction sector data in the UK. Data showed that Britain’s Markit construction PMI unexpectedly eased to one-year low … Continue reading

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