GBP/USD: UK’s consumer price index advanced less than expected in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.05% against the USD and closed at 1.3038, after UK’s consumer price inflation rose below estimates. Data showed that UK’s consumer price index (CPI) climbed 1.9% on an … Continue reading

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GBP/USD: UK’s average earnings including bonus advanced at its fastest pace in a decade in December-February 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.42% against the USD and closed at 1.3045, amid interruption in further Brexit discussions between UK Prime Minister Theresa May’s government and the opposition Labour Party. Data showed … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.07% against the USD and closed at 1.3100, after Britain’s Foreign Secretary Jeremy Hunt made positive comments on Brexit negotiations. In the Asian session, at GMT0300, the pair … Continue reading

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GBP/USD: UK’s Rightmove house price index rose by the most in a year in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.3077 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3100, with the GBP trading 0.18% higher … Continue reading

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GBP/USD: British Pound reverses its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.25% against the USD and closed at 1.3057, amid rising worries after the European leaders delayed Brexit until 31 October 2019. In the Asian session, at GMT0300, the … Continue reading

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GBP/USD: UK’s total trade deficit narrowed below expectations in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.26% against the USD and closed at 1.3090, after the EU granted a second extension for Brexit reducing the fears of a no-deal divorce. On the data front, … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.3056, after the IMF cut UK’s growth forecast to 1.2% this year and warned that a no-deal Brexit would push the … Continue reading

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GBP/USD: UK’s BRC retail sales across all sectors declined beyond estimates in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.10% against the USD and closed at 1.3060, as prospects of no-deal Brexit dimmed and amid expectations of Brexit delay. In the Asian session, at GMT0300, the pair … Continue reading

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GBP/USD: British Pound reverses its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.81% against the USD and closed at 1.3070, amid rising uncertainty over Brexit. In the Asian session, at GMT0300, the pair is trading at 1.3085, with the GBP … Continue reading

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GBP/USD: UK’s services PMI contracted for the first time in 2.5 years in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.37% against the USD and closed at 1.3177, on fresh hopes of another Brexit extension. In economic news, Britain’s services PMI declined to a level of 48.9 in … Continue reading

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GBP/USD: Britain’s construction PMI climbed in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.40% against the USD and closed at 1.3129, after Prime Minister Theresa May stated that she would ask the EU for an extension to the Brexit deadline. On … Continue reading

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