GBP/USD: Pound extends its gains in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.41% against the USD and closed at 1.5470, after UK’s ILO unemployment rate dropped to a 7-year low during the June to August 2015 period. Data showed that … Continue reading

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GBP/USD: Pound trading on a stronger footing, ahead of ILO unemployment rate data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.58% against the USD and closed at 1.5255. In economic news, UK’s PPI core output rose 0.2% YoY in September, as expected. However, the consumer prices slid 0.1% … Continue reading

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GBP/USD: Pound trading lower, ahead of UK’s inflation data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.14% against the USD and closed at 1.5343. In the Asian session, at GMT0300, the pair is trading at 1.5312, with the GBP trading 0.21% lower from yesterday’s … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.21% against the USD and closed at 1.5319, after the UK posted a worse-than-expected goods trade deficit in August along with the nation’s construction output plunging at its … Continue reading

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GBP/USD: Pound trading tad higher, ahead of Britain’s total trade balance data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.5352, after the BoE’s monetary policy committee decided to keep its benchmark interest rates steady at 0.5% and opted to keep … Continue reading

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GBP/USD: Pound trading lower, ahead of BoE’s interest rate decision

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.57% against the USD and closed at 1.5316,as the UK’s manufacturing and industrial production data topped market expectations. UK’s manufacturing production grew more-than-expected by0.5% MoM in August, compared … Continue reading

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GBP/USD: Pound trading higher, ahead of the NIESR’s GDP growth data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.54% against the USD and closed at 1.5229. Data showed that, British house prices fell 0.9% MoM in September, reaching its lowest level in a year, from a … Continue reading

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GBP/USD: Pound trading higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.24% against the USD and closed at 1.5147, after service activity in the UK slowed down in the third quarter, dampening optimism over the strength of the nation’s … Continue reading

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GBP/USD: Pound trading higher, ahead of the dominant UK services PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.33% against the USD and closed at 1.5184, after the UK construction PMI rose more-than-expected to a reading of 59.9 in September, posting its best reading in seven … Continue reading

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GBP/USD: Pound trading marginally higher ahead of Britain’s construction PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP traded marginally higher against the USD and closed at 1.5134, after manufacturing activity in the UK quickened more than anticipated in September. Data showed that UK’s seasonally adjusted manufacturing … Continue reading

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GBP/USD: Pound trading higher, ahead of UK’s September PMI manufacturing data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.21% against the USD and closed at 1.5126, as UK GDP numbers could not provide any surprise. Data showed that Britain’s economy grew at a seasonally adjusted rate … Continue reading

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