GBP/USD: UK retail sales rose more than analysts’ expectations for September

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 1.27% against the USD and closed at 1.6149, as an upbeat rise in the UK retail sales during September bolstered investors’ confidence in the recovery of the Britain economy. … Continue reading

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GBP/USD: Number of workers claiming jobless benefits fell for the tenth straight month in the UK

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.24% against the USD and closed at 1.5946. The US Dollar gained ground after the US Senate agreed to raise the nation’s $16.7 trillion debt ceiling and open the … Continue reading

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GBP/USD: UK jobless claims and the unemployment rate in focus

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.07% against the USD and closed at 1.5983, after an official data revealed that the UK’s consumer price index rose 0.4% (MoM) in September, more than analysts’ expectation for … Continue reading

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GBP/USD: Pound trading higher ahead of consumer inflation data

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5971. In the Asian session, at GMT0300, the pair is trading at 1.5997, with the GBP trading 0.16% higher from yesterday’s close. … Continue reading

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GBP/USD: Pound pares its losses in the Asian session

GBPUSD Movement On Friday, GBP fell 0.09% against the USD and closed at 1.5960. In economic news, UK’s CB leading economic index rose 1.2% in September, following a 0.7% rise seen in the preceding month. In the Asian session, at … Continue reading

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GBP/USD: BoE refrained from altering its monetary policies at its October policy meeting

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.5976, as investors cheered the Bank of England’s (BoE) decision to keep it interest rate unchanged at 0.5% and maintain the size … Continue reading

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GBP/USD: NIESR estimated UK GDP to grow 0.8% in the three months to September

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 1.02% against the USD and closed at 1.5955, as the latest batch of lackluster domestic economic data spurred doubts on the recovery of the UK economy. In the UK, … Continue reading

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GBP/USD: Pound trading lower ahead of NIESR GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.6119. The US Dollar came under pressure as investors refrained from taking riskier bets in the currency amid a deadlock in the … Continue reading

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GBP/USD: UK house prices rose at their fastest rate in 11 years in September

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.36% against the USD and closed at 1.6098, as ongoing political gridlock between the Democrats and Republicans continued to weigh on the dollar. In the UK, a report showed … Continue reading

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GBP/USD: Pound snaps its losses in the Asian session

GBPUSD Movement On Friday, GBP fell 0.82% against the USD and closed at 1.6027, as investors refrained from taking riskier bets amid lack of economic releases from the UK. Negative sentiment was also fuelled on lingering speculation that the Bank … Continue reading

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GBP/USD: BoE Chief, Mark Carney dampens the prospect of an interest rate hike in the near future

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.47% against the USD and closed at 1.6158, after the Bank of England (BoE) Governor, Mark Carney, stated that the policy makers would not consider raising the interest rates … Continue reading

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