GBP/USD: UK’s GfK consumer confidence dipped to a 4-month low level in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.37% against the USD and closed at 1.2900. In the Asian session, at GMT0300, the pair is trading at 1.2907, with the GBP trading a tad higher against … Continue reading

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GBP/USD: Pound trading on a stronger footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.2853. In the Asian session, at GMT0300, the pair is trading at 1.2861, with the GBP trading 0.06% higher against 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 0.35% against the USD and closed at 1.2830. On the macro front, UK’s public sector net borrowing posted a more-than-expected deficit of £4.4 billion in March, after recording … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.08% against the USD and closed at 1.2785. On the economic front, UK’s CBI industrial trends total orders decreased more-than-anticipated to a level of 4.0 in April, from … Continue reading

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GBP/USD: UK’s retail sales deteriorated in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.09% against the USD and closed at 1.2795 on Friday, after disappointing retail sales data in Britain suggested that consumers are reigning in their spending amid a spike … Continue reading

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GBP/USD: Pound trading on a weaker footing, ahead of UK’s retail sales data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.2% against the USD and closed at 1.2806. In the Asian session, at GMT0300, the pair is trading at 1.2794, with the GBP trading 0.09% lower against the … Continue reading

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GBP/USD: Pound trading a tad higher, ahead of the BoE Governor’s speech

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.48% against the USD and closed at 1.2781. Meanwhile, UK’s lawmakers assented to Prime Minister, Theresa May’s plan to hold an early general election on 8th June. In … Continue reading

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GBP/USD: Theresa May calls snap general election on 8th June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 2.27% against the USD and closed at 1.2842, following Britain Prime Minister, Theresa May’s snap election announcement. In a surprise move, the British Prime Minister called for an … 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 0.18% against the USD and closed at 1.2557. On Thursday, the Bank of England, in its quarterly credit conditions survey report, disclosed that growth in corporate lending moderated … Continue reading

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GBP/USD: UK’s ILO unemployment rate steady at an 11-year low level in the three months through February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.41% against the USD and closed at 1.2538, after UK’s ILO unemployment rate remained steady at an eleven-year low level of 4.7% in the three months to February, … Continue reading

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GBP/USD: UK’s annual inflation advanced as expected in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.54% against the USD and closed at 1.2487, after the latest data indicated that UK’s annual inflation remained above the Bank of England’s 2.0% target in March. Britain’s … Continue reading

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