GBP/USD: Pound trading higher, ahead of UK’s BBA mortgage applications data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.2727 on Friday, after the British Prime Minister, Theresa May, offered European Union (EU) citizens the right to stay in the … Continue reading

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GBP/USD: Pound trading higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.14% against the USD and closed at 1.2679. In economic news, data revealed that UK’s CBI industrial trends total orders surprisingly advanced to a nearly 30-year high level … Continue reading

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GBP/USD: Interest rate hike might be prudent in second half of this year: BoE’s Haldane

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.36% against the USD and closed at 1.2675, after the Bank of England’s (BoE) Chief Economist, Andy Haldane, stated that he is likely to back an interest rate … Continue reading

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GBP/USD: BoE’s Carney – Not the right time to hike interest rates

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.82% against the USD and closed at 1.2629, after the Bank of England (BoE) Governor, Mark Carney, doused expectations of an interest rate hike any time soon, stating … Continue reading

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GBP/USD: Britain began formal Brexit negotiations with EU

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.28% against the USD and closed at 1.2733, amid increased anxiety amongst investors as formal talks on Britain’s exit from the European Union (EU) got under way. The … Continue reading

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GBP/USD: UK set to kick-off Brexit negotiations today

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.24% against the USD and closed at 1.2784 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2770, with the GBP trading 0.11% lower … Continue reading

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GBP/USD: BoE narrowly votes in favour of maintaining record low interest rates

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.2754. Yesterday, the Bank of England (BoE), in a widely-expected move, opted to leave the key interest rate steady at 0.25% … Continue reading

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GBP/USD: UK’s ILO unemployment rate remained steady at a 42-year low level in the three months through April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.06% against the USD and closed at 1.2760, after UK’s ILO unemployment rate remained steady at a 42-year low level of 4.6% in the three months ended April, … Continue reading

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GBP/USD: UK inflation jumped to its highest level since June 2013 in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.66% against the USD and closed at 1.2752, after recent data indicated a more-than-expected rise in UK’s inflation. Britain’s consumer price index (CPI) advanced more-than-expected by 2.9% on … Continue reading

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GBP/USD: Election result threatens UK’s credit rating: Moody’s and S&P

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.58% against the USD and closed at 1.2669, as investors were still spooked by the outcome of last week’s snap election in the UK that resulted in a … Continue reading

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GBP/USD: Theresa May’s election gamble backfires, as voters delivered a hung parliament

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.2732 on Friday, after results of UK’s general election showed that British voters have dealt a devastating blow to the UK … Continue reading

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