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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
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- USD/CAD: Loonie trading on a stronger footing this morning
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GBP/USD: Pound extends its losses in the Asian session
GBPUSD Movement On Friday, GBP marginally declined 0.45% against the USD and closed at 1.4646. In economic news, industrial production in the UK registered a rise of 0.10% on a monthly basis, lower than market expectations for an advance of … Continue reading
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GBP/USD: The BoE left interest rates unchanged
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 1.15% against the USD and closed at 1.4712. Yesterday, the BoE’s rate-setting Monetary Policy Committee opted to keep the interest rates unchanged at a record low of 0.5%, … Continue reading
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GBP/USD: Pound trading lower ahead of the BoE’s interest rate decision
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.45% against the USD and closed at 1.4883, rebounding from its previous session losses. In the Asian session, at GMT0300, the pair is trading at 1.4874, with the … Continue reading
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GBP/USD: Pound reverses its losses in the Asian session
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.47% against the USD and closed at 1.4817. In economic news, the UK Markit services PMI advanced to a 7-month high reading of 58.9 and remained in an … Continue reading
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GBP/USD: Pound trading higher ahead of Britain’s services PMI data
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.28% against the USD and closed at 1.4888. In the Asian session, at GMT0300, the pair is trading at 1.4901, with the GBP trading 0.09% higher from yesterday’s … Continue reading
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GBP/USD: Pound trading a tad higher ahead of UK construction PMI data
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP traded flat against the USD and closed at 1.4830. Yesterday, data indicated that Britain’s manufacturing PMI edged up to an 8-month high reading of 54.4, registering 24 consecutive months … Continue reading
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GBP/USD: Britain’s 4Q GDP revised up
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.4830, following upbeat 4Q GDP figures in the UK. Britain’s GDP unexpectedly grew 0.6% on a quarterly basis in 4Q 2014, … Continue reading
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GBP/USD: Pound trading lower ahead of UK’s 4Q GDP data
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.58% against the USD and closed at 1.4808. In economic news, number of mortgage approvals for house purchases in Britain rose more than market expectations to a level … Continue reading
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GBP/USD: BoE’s next move would likely be a rate hike, said the BoE’s Governor
GBPUSD Movement On Friday, GBP rose 0.09%against the USD and closed at 1.4866. The BoE Governor, Mark Carney stated that the central bank was on track to increase interest rates in the UK, even though the nation was facing low … Continue reading
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GBP/USD: Pound trading lower ahead of the BoE Governor, Mark Carney’s speech
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.21% against the USD and closed at 1.4852 as mounting geopolitical fears in Middle East overshadowed positive UK retail sales. In economic news, retail sales in the UK … Continue reading
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GBP/USD: Pound trading marginally lower ahead of UK’s retail sales data
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.26% against the USD and closed at 1.4883, following better than expected BBA mortgage approvals in the UK. Data revealed that mortgage approvals in the UK rose to … Continue reading
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