GBP/USD: UK economy suffers its largest fall in 41 years

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.69% against the USD and closed at 1.2392. On the data front, UK’s gross domestic product (GDP) dropped 2.2% on a quarterly basis in the first quarter of … Continue reading

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GBP/USD: UK’s consumer credit more-than-expected fell in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.38% against the USD and closed at 1.2307, amid concerns over how the British government will pay for its planned big infrastructure programme. On the data front, UK’s … Continue reading

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GBP/USD: British Pound reverses its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.68% against the USD and closed at 1.2340 on Friday, amid continuing uncertainty over Brexit deal. In the Asian session, at GMT0300, the pair is trading at 1.2365, … Continue reading

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GBP/USD: UK’s CBI distributive trades survey realised climbed in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.07% against the USD and closed at 1.2424, despite fears over second wave of coronavirus infections and concerns over Brexit deal. On the data front, UK’s CBI distributive … Continue reading

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GBP/USD: British Pound trading a tad lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.83% against the USD and closed at 1.2415. In the Asian session, at GMT0300, the pair is trading at 1.2413, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s Markit manufacturing PMI climbed in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.2519. On the data front, UK’s Markit manufacturing PMI climbed to 50.1 in June, more than market consensus for a rise … Continue reading

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GBP/USD: UK’s balance of firms reporting total order book above normal improved in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.96% against the USD and closed at 1.2483. On the data front, UK’s CBI industrial trends survey orders rose to -58.0% in June. In the previous month, the … Continue reading

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GBP/USD: UK’s public sector net borrowing deficit widened in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.56% against the USD and closed at 1.2356 on Friday, after data indicated that government borrowing hit a record high level stoking concerns about economic recovery. On the … Continue reading

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GBP/USD: BoE increases its quantitative easing programme

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.04% against the USD and closed at 1.2426, after the Bank of England (BoE) increased its bond-buying programme by £100 billion to bolster the coronavirus-hit economy. The BoE, … Continue reading

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GBP/USD: UK’s consumer price inflation slowed in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 3.62% against the USD and closed at 1.2557, after UK’s consumer inflation slowed to a 4-year low level in May. On the data front, UK’s consumer price inflation … Continue reading

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GBP/USD: UK’s ILO unemployment rate remained unchanged in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 3.52% against the USD and closed at 1.2569. On the data front, UK’s ILO unemployment rate unexpectedly remained unchanged at 3.9% in three months ended April. Meanwhile, average … Continue reading

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