GBP/USD: UK’s construction sector activity slid into contraction in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.27% against the USD and closed at 1.3240, after latest data showed that UK’s construction sector suffered an unexpected contraction in September. Data indicated that Britain’s Markit construction … Continue reading

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GBP/USD: UK’s manufacturing sector activity sharply cooled in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.65% against the USD and closed at 1.3276, on the back of bearish manufacturing sector report from the UK. Data revealed that Britain’s Markit manufacturing PMI eased more-than-expected … Continue reading

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GBP/USD: UK interest rates to rise in the near-term: Mark Carney

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.27% against the USD and closed at 1.3398 on Friday, following dismal UK GDP growth report. Data showed that Britain’s final gross domestic product (GDP) climbed 1.5% on … Continue reading

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GBP/USD: BoE can’t be expected to nullify Brexit hit: Mark Carney

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.27% against the USD and closed at 1.3434, after Brexit officials confirmed that “considerable progress” is finally being made in the fourth round of Brexit negotiations. Yesterday, the … 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 declined 0.4% against the USD and closed at 1.3398. In the Asian session, at GMT0300, the pair is trading at 1.3387, with the GBP trading 0.08% lower against the … Continue reading

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GBP/USD: UK’s mortgage approvals notched its highest level since February 2017

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.22% against the USD and closed at 1.3452. On the data front, Britain’s BBA mortgage approvals climbed to a six-month high level of 41.81K in August, boosting optimism … Continue reading

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GBP/USD: Pound trading a tad lower, ahead of UK’s mortgage approvals data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.32% against the USD and closed at 1.3482. In the Asian session, at GMT0300, the pair is trading at 1.3480, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: Theresa May seeks to stay in the trade bloc for a two year “transitional phase” post Brexit

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.38% against the USD and closed at 1.3520 on Friday, following the UK Prime Minister, Theresa May’s Brexit speech. The British Prime Minister proposed a two-year implementation period … Continue reading

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GBP/USD: UK public sector net borrowing posted a deficit in August.

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.48% against the USD and closed at 1.3571. On the macro front, Britain’s public sector net borrowing posted a less-than-expected deficit of £5.1 billion in August, following a … Continue reading

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GBP/USD: Britain’s retail sales accelerated to a 4-month high level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.3506. On the economic front, data showed that UK’s retail sales jumped 1.0% MoM and surged to a 4-month high in … Continue reading

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GBP/USD: Pound trading higher, ahead of Britain’s retail sales data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.3513. In the Asian session, at GMT0300, the pair is trading at 1.3523, with the GBP trading 0.07% higher against the … Continue reading

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