GBP/USD: UK Pound trading tad higher ahead of the UK first-quarter GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.6811. Yesterday, the Confederation of British Industry (CBI) Growth Indicator revealed that the economic growth in the UK continued to accelerate … Continue reading

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GBP/USD: UK retail sales unexpectedly advanced in March

GBPUSD Movement On Friday, GBP fell marginally against the USD and closed at 1.6801. However, earlier during the day, the British Pound advanced against its US counterpart after the National Statistics reported that retail sales in the UK posted a … Continue reading

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GBP/USD: Pound trading marginally lower ahead of the UK retail sales data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.6808, after the Confederation of British Industry (CBI), in its distributive trades survey, reported that retail sales in the UK grew … Continue reading

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GBP/USD: BoE minutes highlights growing dissent among policymakers over slackness in the UK economy

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.6783, after the minutes from the Bank of England’s April 9 policy meeting highlighted policymaker’s dissent over the amount of slack in … Continue reading

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GBP/USD: Pound trading tad higher with focus on BoE minutes

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.20% against the USD and closed at 1.6823, ahead of the release of the minutes from the Bank of England’s (BoE) latest monetary policy meeting, which is widely … Continue reading

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GBP/USD: CEBR raised UK’s growth forecast for 2014 and 2015

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.6790, in a subdued trading session, on account of Easter Monday public holiday. In a noteworthy event, the Centre of Economics … Continue reading

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GBP/USD: UK unemployment rate fell to a five-year low 6.9%

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.47% against the USD and closed at 1.6803, after data showed that Britain’s unemployment rate unexpectedly dropped to a five-year low level of 6.9% in the three months to … Continue reading

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GBP/USD: Pound trading marginally higher with focus on UK claimant count and unemployment data

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6724, as the latter advanced following an upbeat US consumer inflation data. In the UK, the National Statistics reported that consumer price … Continue reading

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GBP/USD: Pound trading lower ahead of the UK consumer inflation data

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6727. However, the losses in the British Pound were limited after the Rightmove Plc reported that house prices in the UK economy … Continue reading

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GBP/USD: UK construction output registered the biggest fall since November 2013 in February

GBPUSD Movement On Friday, GBP fell 0.19% against the USD and closed at 1.6745, as the greenback advanced following upbeat US producer inflation and consumer sentiment data. On the macro front, construction output in the UK declined 2.8% (MoM) in … Continue reading

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GBP/USD: BOE refrained from altering its policy measure at its April meeting

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD and closed at 1.6779, as the latter advanced following an upbeat US weekly jobless claims data. Meanwhile, in the UK, the Bank of England (BoE), … Continue reading

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