GBP/USD: UK’s retail sales sharply rebounded in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.34% against the USD and closed at 1.2516, on upbeat British retail sales data. Data revealed that Britain’s retail sales rebounded more-than-anticipated by 1.4% on a monthly basis … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.2474, following an apparent terrorist attack near the British Parliament at Westminster. In the Asian session, at GMT0400, the pair is … Continue reading

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GBP/USD: Britain’s annual inflation surpassed the Bank of England’s 2.0% target in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.96% against the USD and closed at 1.2477, after data showed that British annual inflation advanced at the fastest pace in more than three years in February, breaching … Continue reading

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GBP/USD: Britain will trigger formal Brexit process on 29 March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.22% against the USD and closed at 1.2358, after the British Government announced that Prime Minister, Theresa May, will launch UK’s separation proceedings with the European Union on … Continue reading

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GBP/USD: UK’s Rightmove house prices advanced in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.2388 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.2384, with the GBP trading marginally lower … Continue reading

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GBP/USD: BoE holds interest rate at 0.25% but decision split amid rising inflation fears

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.53% against the USD and closed at 1.2353, after a Bank of England (BoE) policymaker surprised investors by voting to raise interest rates by 25 basis point, while … Continue reading

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GBP/USD: UK’s unemployment rate lowest in 42 years during the three months ended January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.13% against the USD and closed at 1.2288, after UK’s ILO unemployment rate surprisingly dropped to 4.7% in the November-January 2017 period, reaching its lowest level since 1975, … Continue reading

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GBP/USD: Pound trading higher in the morning session, ahead of UK’s ILO unemployment rate data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.49% against the USD and closed at 1.2151. In the Asian session, at GMT0400, the pair is trading at 1.2162, with the GBP trading 0.09% higher against the … Continue reading

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GBP/USD: British Parliament clears way for “Brexit” talks with EU while Scotland vows for new independence vote

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.31% against the USD and closed at 1.2211, after the Scottish First Minister, Nicola Sturgeon announced plans for a second independence referendum. In the Asian session, at GMT0400, … Continue reading

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GBP/USD: UK’s manufacturing, industrial and construction output, all dropped in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.2175 on Friday. On the macro front, Britain’s manufacturing production dropped more-than-anticipated by 0.9% on a monthly basis in January, following … Continue reading

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GBP/USD: Pound trading a tad higher, ahead of key economic releases in the UK

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.2153. In the Asian session, at GMT0400, the pair is trading at 1.2159, with the GBP trading slightly higher against the … Continue reading

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