GBP/USD: UK house prices fell in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.17% against the USD and closed at 1.5203, after UK’s construction output fell for the third consecutive month in September. Data showed that Britain’s construction output unexpectedly declined … Continue reading

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GBP/USD: Pound reverses its gains in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.5229. In the Asian session, at GMT0400, the pair is trading at 1.5213, with the GBP trading 0.1% lower from yesterday’s … Continue reading

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GBP/USD: UK’s ILO unemployment rate surprisingly fell during July-September 2015 period

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.5216, after UK’s unemployment rate fell to its lowest level since mid-2008 in the three months ended September. Data showed that … Continue reading

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GBP/USD: Pound trading higher, ahead of UK’s ILO unemployment rate data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.5122. In the Asian session, at GMT0400, the pair is trading at 1.5172, with the GBP trading 0.33% higher from yesterday’s … Continue reading

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GBP/USD: Pound reverses its gains this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.46% against the USD and closed at 1.5117. Yesterday, the Organisation for Economic Co-operation and Development (OECD), predicted the British economy to continue to grow at a “robust … Continue reading

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GBP/USD: Pound trading on a stronger footing in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 1.14% against the USD and closed at 1.5037. In economic news, UK’s manufacturing production rose more-than-expected by 0.8% MoM, increasing at its fastest pace in 19 months in … Continue reading

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GBP/USD: BoE held benchmark interest rate steady at 0.5%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 1.16% against the USD and closed at 1.5210. Yesterday, The BoE Governor, Mark Carney, indicated that UK’s benchmark interest rates will stay low for a longer period. The … Continue reading

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GBP/USD: Pound trading on a weaker footing, ahead of BoE’s interest rate decision

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.20% against the USD and closed at 1.5389. In economic news, UK’s Markit services PMI rose more-than-expected to a level of 54.9 in October, from a reading of … Continue reading

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GBP/USD: Pound trading tad higher, ahead of UK’s Markit services PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.5420. In economic news, UK’s Markit construction PMI declined to a level of 58.8 in October, in line with expectations, and … Continue reading

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GBP/USD: Britain’s manufacturing PMI in October touched 16-month high

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.13% against the USD and closed at 1.5417. In economic news, UK’s Markit manufacturing PMI advanced unexpectedly to a level of 55.5 in October, recording its fastest growth … Continue reading

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GBP/USD: Pound trading on a stronger footing, ahead of UK’s Markit manufacturing PMI index data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.5412. In economic news, UK’s Lloyds business barometer index rose to a level of 50.0 in October, from a reading of … Continue reading

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