GBP/USD: UK’s inflation accelerated to a six-month high level in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.27% against the USD and closed at 1.2921, amid uncertainty surrounding Britain’s trade talks with the European Union and government plans to boost spending. On the macro front, … Continue reading

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GBP/USD: British Pound trading lower ahead of key economic data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.66% against the USD and closed at 1.3000. Data showed that UK’s ILO unemployment rate remained unchanged at 3.8% in the October-December 2019 period, in line with market … Continue reading

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GBP/USD: British Pound trading flat this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.63% against the USD and closed at 1.3005. In the Asian session, at GMT0400, the pair is trading at 1.3005, with the GBP trading flat against the USD … 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 0.41% against the USD and closed at 1.3033 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3046, with the GBP trading 0.10% higher … Continue reading

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GBP/USD: British Pound trading flat in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.3042, despite the appointment of Rishi Sunak as the British Chancellor following the resignation of Sajid Javid. In the Asian session, … Continue reading

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GBP/USD: Britain’s house prices rose for the first time since July 2018 in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.00% against the USD and closed at 1.2956. In the Asian session, at GMT0400, the pair is trading at 1.2954, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: Britain’s economic growth stagnated in 4Q19

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.01% against the USD and closed at 1.2955, after Britain’s economy stagnated in the last quarter of 2019. Data showed that UK’s gross domestic product (GDP) remained flat … Continue reading

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GBP/USD: British Pound trading a tad higher ahead of key domestic economic data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.33% against the USD and closed at 1.2913, amid fears that the Brexit transition period could finish without a trade deal being agreed between the UK and the … Continue reading

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GBP/USD: UK house prices rose at its fastest annual pace since February 2018

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.51% against the USD and closed at 1.2889 on Friday. Data indicated that UK’s Halifax house prices climbed 4.1% on a yearly basis in the November-January 2020 period, … 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 1.21% against the USD and closed at 1.2928, amid reports that the European Union might revoke concessions made to the UK related to MiFID II, potentially weakening the … Continue reading

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GBP/USD: Britain’s services sector activity rebounded in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.66% against the USD and closed at 1.3000. On the macro front, UK’s final Markit services PMI advanced to a level of 53.9 in January, marking its highest … Continue reading

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