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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
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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GBP/USD: BoE’s Paul Fisher does not see a bubble in the UK’s housing market
GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.6237, as the Bank of England (BoE), Markets Director, Paul Fisher, stated that the UK housing market is clearly gathering momentum and … Continue reading
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GBP/USD: Pound snaps its gains in the Asian session
GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6193. The US Dollar lost ground against the Pound as the US government called for a shutdown after the Republicans and the … Continue reading
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GBP/USD: Pound soars on upbeat domestic economic data and concerns over US budget talks
GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.6188, as an upbeat domestic mortgage approval data, bolstered the recovery prospect of the Britain economy. In the UK, data showed that … Continue reading
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GBP/USD: BoE Chief, Mark Carney sees no argument for an additional QE
GBPUSD Movement On Friday, GBP rose 0.59% against the USD and closed at 1.6134, after the Bank of England (BoE) Governor, Mark Carney, stated that as the economic recovery of the nation has gained momentum, there is no reason for … Continue reading
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GBP/USD: Pound slipped after UK Q2 GDP data, tad higher this morning
GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.22% against the USD and closed at 1.6039, as a lacklustre growth in UK’s Gross Domestic Product (GDP) data, spooked investor sentiment. An official report revealed that growth in … Continue reading
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GBP/USD: UK final GDP for second quarter in focus
GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.51% against the USD and closed at 1.6076, as an unexpected rise in the UK’s retail sales bolstered the recovery prospect of the Britain economy. The UK CBI distributive … Continue reading
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GBP/USD: BoE not in a rush to withdraw its stimulus measures, states Paul Tucker
GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.29% against the USD and closed at 1.5994, as the Bank of England (BoE) Deputy Governor, Paul Tucker, in his speech, stated that the UK central bank was in … Continue reading
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GBP/USD: Pound snaps its previous session’s gains
GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.16% against the USD and closed at 1.6041. The greenback came under pressure after two senior Federal Reserve officials yesterday expressed disappointment with the pace of the US recovery … Continue reading
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GBP/USD: Pound trading flat against the greenback in the Asian session
GBPUSD Movement On Friday, GBP fell 0.11% against the USD and closed at 1.6019. In economic news, an official data revealed that UK public sector net borrowing rose less than expected to a level of £11.452 billion in August, failing … Continue reading
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GBP/USD: Pound gave up ground following dismal domestic retail sales data, pares losses in the morning session
GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.60% against the USD and closed at 1.6035, as a lackluster report on UK’s retail sales data spooked investors confidence in the recovery of the UK economy. An official … Continue reading
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GBP/USD: BoE policymakers unanimously voted against more QE measure
GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 1.45% against the USD and closed at 1.6133. The greenback lost ground against the Pound after the Fed policymakers, in its two-day policy meeting, defied market expectations and decided … Continue reading
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