GBP/USD: Britain’s service sector activity eased in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.27% against the USD and closed at 1.2947. On the data front, UK’s services PMI dropped to a level of 53.9 in September, compared to a level of … Continue reading

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GBP/USD: Britain’s construction sector activity dipped to a six-month low level in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.47% against the USD and closed at 1.2982. Data indicated that the UK’s Markit construction PMI unexpected declined to a six-month low level of 52.1 in September, compared … Continue reading

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GBP/USD: Britain’s manufacturing sector activity expanded at a faster pace in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.05% against the USD and closed at 1.3043, after Britain’s Finance Minister, Philip Hammond stated that the European Union was willing to do a Brexit deal. Data showed … Continue reading

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GBP/USD: Britain’s economy expanded as expected in 2Q

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.3035 on Friday. Macroeconomic data showed that UK’s final gross domestic product (GDP) advanced 0.4% on a quarterly basis in 2Q … Continue reading

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GBP/USD: Britain’s Gfk consumer confidence index eased in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.73% against the USD and closed at 1.3075. In the Asian session, at GMT0300, the pair is trading at 1.3079, with the GBP trading slightly higher against the … Continue reading

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GBP/USD: Sterling extends its losses in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.06% against the USD and closed at 1.3171. On the macro front, UK’s BBA mortgage approvals eased to a level of 39.40K in August, more than market expectations … Continue reading

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GBP/USD: British Pound trading slightly higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.49% against the USD and closed at 1.3179 after the Bank of England policymaker, Gertjan Vlieghe commented that one or two rate hikes per year would be needed … Continue reading

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GBP/USD: Britain’s CBI total trend orders dropped in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.3115, amid hopes for a UK-EU Brexit deal. In the economic news, UK’s CBI trends total orders declined to a level … Continue reading

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GBP/USD: Pound falls on concerns over ‘Hard Brexit’

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.45% against the USD and closed at 1.3079 on Friday, after British Prime Minister, Theresa May, stated that the UK and European Union (EU) have reached an impasse … Continue reading

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GBP/USD: Sterling trading flat in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.99% against the USD and closed at 1.3272, following upbeat retail sales data. In the economic news, UK’s retail sales including auto advanced 3.3% on an annual basis … Continue reading

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GBP/USD: Britain’s inflation surprisingly advanced to a six-month high level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.17% against the USD and closed at 1.3142. On the data front, UK’s consumer price index (CPI) unexpectedly climbed to a six-month high of 2.7% on a yearly … Continue reading

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