GBP/USD: UK’s manufacturing sector activity jumped from a 7-month low level in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.06% against the USD and closed at 1.3209, after data showed UK’s manufacturing sector grew better-than-expected in July. The Markit manufacturing PMI in the UK expanded more-than-expected to … Continue reading

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GBP/USD: UK’s mortgage approvals declined to its lowest in 9 months in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.5% against the USD and closed at 1.3201. In economic news, data showed that Britain’s mortgage approvals for house purchases dropped to a level of 64.7K in June, … Continue reading

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GBP/USD: Pound trading lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.58% against the USD and closed at 1.3148 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.313, with the GBP trading 0.14% lower … Continue reading

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GBP/USD: UK’s consumer confidence deteriorated in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.3072. In the Asian session, at GMT0300, the pair is trading at 1.3088, with the GBP trading 0.12% higher against the … Continue reading

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GBP/USD: UK’s economic growth slightly faster in the second quarter of 2017

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.66% against the USD and closed at 1.3116. Macroeconomic data indicated that Britain’s preliminary gross domestic product (GDP) advanced 0.3% on a quarterly basis in the second quarter … Continue reading

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GBP/USD: Pound trading flat in the Asian session, ahead of UK’s 2Q GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.3030. On the data front, Britain’s CBI industrial trends total orders dropped more-than-expected to a level of 10.0 in July, compared … Continue reading

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GBP/USD: IMF lowered Britain’s 2017 growth forecasts amid tepid first quarter growth

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.11% against the USD and closed at 1.3023. Yesterday, the IMF slashed Britain’s growth forecast for 2017 by 0.3% to 1.7%, factoring in a weaker-than-expected first quarter economic … Continue reading

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GBP/USD: Britain’s public sector net borrowing registered a higher-than-anticipated deficit in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.2993 on Friday. In economic news, data showed that UK’s public sector net borrowing posted a more-than-expected deficit of £6.3 billion … Continue reading

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GBP/USD: UK’s retail sales jumped in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.49% against the USD and closed at 1.2963, as investors remained concerned over Brexit uncertainties. Separately, data showed that British retail sales rose 0.6% MoM in June, topping … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.06% against the USD and closed at 1.3027. In the Asian session, at GMT0300, the pair is trading at 1.3030, with the GBP trading a tad higher against … Continue reading

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GBP/USD: British inflation unexpectedly slowed for the first time since October 2016 in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.08% against the USD and closed at 1.3044, following softer inflation figures in the UK. Data indicated that Britain’s consumer price index (CPI) climbed 2.6% on an annual … Continue reading

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