GBP/USD: Unemployment rate in the UK fell to the lowest level since 2008

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP traded marginally lower against the USD and closed at 1.6250, ahead of the outcome of the Scottish independence referendum. In economic news, the ILO unemployment rate in the UK … Continue reading

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GBP/USD: Pound trading higher, ahead of the BoE’s minutes

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.17% against the USD and closed at 1.6257, after the consumer prices in the UK rebounded strongly in August and registered a rise of 0.4%, on a monthly … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.17% against the USD and closed at 1.6230, as uncertainty continues to loom over the Scottish independence referendum. In the Asian session, at GMT0300, the pair is trading … Continue reading

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GBP/USD: Pound trading lower in the Asian session

GBPUSD Movement On Friday, GBP traded marginally higher against the USD and closed at 1.6260. In economic news, construction output in the UK stagnated on a monthly basis in July, against market expectations for a rise of 0.6% and compared … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.31% against the USD and closed at 1.6258, after a new poll on Wednesday revealed that people in support of Scotland’s independence from the UK were declining. In … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.6208, after the BoE Governor, Mark Carney, testified at the August Inflation Report Hearings, that the UK is moving towards a … Continue reading

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GBP/USD: NIESR raised its UK GDP estimates for the three months to August.

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.6108, following upbeat data from the UK. The industrial production in the UK expanded in July, marking its fastest pace in … Continue reading

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GBP/USD: Pound trading lower, ahead of the BoE’s Governor speech

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.73% against the USD and closed at 1.6095, as house prices in the UK rose less than expected in August, raising concerns over the health of the housing … Continue reading

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GBP/USD: Pound reverses its gains in Asian session

GBPUSD Movement On Friday, GBP traded marginally higher against the USD and closed at 1.6326, after the BoE’s latest survey raised its UK consumer inflation expectations for the next 12 months to 2.8%, from 2.6% recorded in May. In the … Continue reading

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GBP/USD: Pound trading lower, ahead of the BoE’s inflation expectations

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.87% against the USD and closed at 1.6320, after the BoE stuck to its current loose monetary policy, despite two policymakers voting for a rate hike at the … 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 traded tad lower against the USD and closed at 1.6463. In economic news, the service sector activity in the UK expanded at the fastest pace in 10 months in … Continue reading

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