GBP/USD: UK service sector activity declined to its lowest level in 40 months in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.60% against the USD and closed at 1.2833 on Friday, amid dismal manufacturing and services PMIs. In economic news, UK’s Markit manufacturing PMI eased to a level of … Continue reading

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GBP/USD: OECD upgrades UK’s growth forecast to 1.2% in 2021

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.2911. On the macro front, UK’s budget deficit widened to £11.21 billion in October, exceeding market expectations. According to the OECD … Continue reading

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GBP/USD: British Pound trading a tad higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2926. In the Asian session, at GMT0400, the pair is trading at 1.2928, with the GBP trading slightly higher against the … Continue reading

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GBP/USD: UK’s total trends orders improved in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.16% against the USD and closed at 1.2929. Data showed that UK’s total trends orders rose to a level of -26.0 in November, compared to a reading of … Continue reading

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GBP/USD: British Pound trading slightly higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.2950, as polls suggested UK Conservative party’s victory in the upcoming December elections. In the Asian session, at GMT0400, the pair … Continue reading

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GBP/USD: UK’s Rightmove house price index rose in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.2902 on Friday, after Nigel Farage’s Brexit Party decided to not contest for an additional 43 seats currently held by Conservative … Continue reading

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GBP/USD: UK’s retail sales unexpectedly dropped in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.2883, on hopes that Conservatives would win a majority in the December election and finally break the deadlock surrounding Brexit. In … Continue reading

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GBP/USD: UK’s inflation growth slowed to a 3-year low level in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.2854. Data showed that UK’s consumer price inflation growth slowed to a 3-year low level of 1.5% on an annual basis … Continue reading

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GBP/USD: UK’s ILO unemployment rate unexpectedly fell in the July-September 2019 period

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2849. In economic news, UK’s ILO unemployment rate unexpectedly declined to its lowest rate in 4-years to 3.8% in the three … Continue reading

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GBP/USD: UK’s economy grew less-than-estimated in 3Q 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.48% against the USD and closed at 1.2854, after the Brexit Party disagreed to contest for seats previously held by Conservative in the last election. On the data … Continue reading

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GBP/USD: British Pound reverses its losses in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.24% against the USD and closed at 1.2783 on Friday, amid ongoing political uncertainty. In the Asian session, at GMT0400, the pair is trading at 1.2790, with the … Continue reading

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