GBP/USD: UK’s mortgage approvals declined to its lowest since September 2016 in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.45% against the USD and closed at 1.3414, on hopes that Britain and the European Union moved closer to a Brexit deal. In economic news, UK’s mortgage approvals … Continue reading

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GBP/USD: Britain’s banks could survive a “disorderly Brexit”, says Mark Carney

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.24% against the USD and closed at 1.3354, in the wake of a report which revealed that UK and the European Union (EU) have agreed a deal over … Continue reading

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GBP/USD: Pound trading marginally higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3322. In the Asian session, at GMT0400, the pair is trading at 1.3325, with the GBP trading a tad higher against … Continue reading

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GBP/USD: Britain’s mortgage approvals hit lowest level in 13 months in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.3333 on Friday. On the macro front, data revealed that UK’s BBA mortgage approvals declined to a level of 40.49K in … Continue reading

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GBP/USD: Britain’s economic growth confirmed at 0.4% in 3Q 2017

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.13% against the USD and closed at 1.3309, after UK’s total business investments sharply slowed in the three months to September. Preliminary data indicated that total business investment … Continue reading

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GBP/USD: British Government slashes growth projections, sets aside £3.0 billion for Brexit: Autumn Budget

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.66% against the USD and closed at 1.3326. Yesterday, the British Finance Minister, Philip Hammond, in his Autumn Statement announced that the Office for Budget Responsibility (OBR) downgraded … Continue reading

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GBP/USD: Britain’s public sector net borrowing posted a deficit in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3239. On the macro front, UK’s public sector net borrowing posted a deficit of £7.5 billion in October, higher than market … Continue reading

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GBP/USD: Pound trading on a stronger footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.33% against the USD and closed at 1.3238, propelled by speculations that the UK government is ready to offer around £40.0 billion to the European Union as part … Continue reading

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GBP/USD: Pound trading on a weaker footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.17% against the USD and closed at 1.3215 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3200, with the GBP trading 0.11% lower … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.3193, on the back of better-than-expected UK retail sales data. Data showed that Britain’s retail sales rebounded more-than-expected by 0.3% on … Continue reading

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GBP/USD: UK’s ILO unemployment rate remained steady at a 4-decade low in the three months to September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.3169, after UK’s ILO unemployment rate remained steady at a 42-year low of 4.3% in the three months to September, meeting … Continue reading

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