GBP/USD: OBR raises Britain’s GDP growth forecasts in UK’s 2017 Spring Budget

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.29% against the USD and closed at 1.2167. Yesterday, UK’s Finance Minister, Philip Hammond, in his Budget speech, stated that Britain’s economy is likely to feel the pain … Continue reading

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GBP/USD: OECD sharply raises UK’s growth forecast for this year

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.2202. On the macro front, UK’s seasonally adjusted Halifax house price index rose 0.1% MoM in February, undershooting market expectations for … 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 declined 0.5% against the USD and closed at 1.2237. In the Asian session, at GMT0400, the pair is trading at 1.2245, with the GBP trading 0.07% higher against the … Continue reading

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GBP/USD: UK’s services sector growth slowest in 5-months in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.1% against the USD and closed at 1.2278 on Friday. Macroeconomic data showed that Britain’s Markit services PMI eased more-than-expected to a level of 53.3 in February, hitting … Continue reading

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GBP/USD: UK’s construction sector activity picks up pace in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.24% against the USD and closed at 1.2266. In economic news, Britain’s Markit construction PMI unexpectedly rose to a level of 52.5 in February, compared to market expectations … Continue reading

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GBP/USD: UK’s manufacturing growth slowed in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.65% against the USD and closed at 1.2295, after data revealed that the pace of manufacturing sector growth in UK unexpectedly slowed in February. Britain’s Markit manufacturing PMI … Continue reading

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GBP/USD: Pound trading a tad lower, ahead of Britain’s manufacturing PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.51% against the USD and closed at 1.2375. In the Asian session, at GMT0400, the pair is trading at 1.2369, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s GfK consumer confidence index dropped further in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.19% against the USD and closed at 1.2439. In the Asian session, at GMT0400, the pair is trading at 1.2429, with the GBP trading 0.08% lower against the … Continue reading

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GBP/USD: UK’s mortgage approvals hit a 12-month high level in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.76% against the USD and closed at 1.2454 on Friday. On the data front, UK’s BBA mortgage approvals surprisingly surged to a twelve-month high level of 44.7K in … 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 rose 0.75% against the USD and closed at 1.2550. In the Asian session, at GMT0400, the pair is trading at 1.2548, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: Britain’s economic growth picked up in the fourth quarter of 2016

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.16% against the USD and closed at 1.2456, after Britain’s gross domestic product (GDP) data indicated that UK’s annual growth rate was revised down in the final three-months … Continue reading

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