GBP/USD: Pound trading on a weaker footing this morning

GBPUSD Movement On Friday, GBP declined 0.09% against the USD and closed at 1.5400, following worse than expected retail sales data in the UK. Britain’s retail sales slid 0.30% on a monthly basis in January, more than market expectations for … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.18% against the USD and closed at 1.5414, reversing its previous session gains. In economic news, the CBI trends selling prices registered an unexpected rise to a level … Continue reading

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GBP/USD: UK ILO unemployment rate unexpectedly slid in the October-December 2014 period

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.59% against the USD and closed at 1.5443, following upbeat employment report from the UK. Data released showed that Britain’s ILO jobless rate surprisingly fell to a 6-year … Continue reading

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GBP/USD: Pound trading a tad higher ahead of the UK ILO jobless rate data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP traded a tad lower against the USD and closed at 1.5352, following worse than expected inflation data in the UK. Britain’s consumer prices eased more than expected by 0.9% … Continue reading

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GBP/USD: Pound trading higher ahead of UK’s CPI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.30% against the USD and closed at 1.5360, reversing its previous session gains. In the Asian session, at GMT0400, the pair is trading at 1.5373, with the GBP … Continue reading

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GBP/USD: Pound trading higher in the Asian session

GBPUSD Movement On Friday, GBP rose 0.15% against the USD and closed at 1.5406, after Britain’s CB leading economic index rose 0.1% in December, after dropping 0.3% in the preceding month. In the Asian session, at GMT0400, the pair is … Continue reading

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GBP/USD: The BoE signalled a sooner than expected hike in interest rate

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.94% against the USD and closed at 1.5383, after the BoE Governor, Mark Carney signalled that the central bank remained on course to raise interest rate in Britain … Continue reading

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GBP/USD: Pound trading lower ahead of the BoE’s quarterly inflation report

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.13% against the USD and closed at 1.5240. In the Asian session, at GMT0400, the pair is trading at 1.5221, with the GBP trading 0.12% lower from yesterday’s … Continue reading

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GBP/USD: The NIESR estimated GDP recorded a rise in the November-January 2015 period

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.5260, following upbeat assessment of the UK economy by the NIESR. The NIESR estimated that Britain’s economy grew 0.7% in the … Continue reading

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GBP/USD: Pound trading higher ahead of the NIESR GDP estimate data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.11% against the USD and closed at 1.5218. Yesterday, the BoE Governor, Mark Carney mentioned that wage growth in the nation was improving. He also praised the ECB … Continue reading

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GBP/USD: Pound trading higher in the Asian session

GBPUSD Movement On Friday, the GBP declined 0.67% against the USD and closed at 1.5233, after Britain’s total trade deficit unexpectedly widened to £2.89 billion in December, from a revised total trade deficit of £1.84 billion in the prior month. … Continue reading

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