GBP/USD: Pound trading slightly higher in the Asian session

  For the 24 hours to 23:00 GMT, GBP fell 0.76% against the USD and closed at 1.5492. However, some losses in British Pound were recouped after a report showed that services industries in the UK expanded at the fastest … Continue reading

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GBP/USD: Pound continues its southward journey this morning

  For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.5610. In the UK, the net lending to individuals rose by £1.0 billion in November, slightly above expectations of a rise of £0.9 … Continue reading

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GBP/USD: UK jobless rate hit a 17-year high; Pound continues to trade lower this morning

For the 24 hours to 23:00 GMT, GBP fell 0.11% against the USD and closed at 1.5471. In the UK, the claimant count rate remained unchanged at 5.0% in November, compared to previous month. Additionally, the unemployment rate came in … Continue reading

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GBP/USD: Pound continues its southward journey, UK employment data awaited

For the 24 hours to 23:00 GMT, GBP fell 0.60% against the USD and closed at 1.5489. In the UK, the Consumer Price Index (CPI) rose 4.8% (YoY) in November, compared to 5.0% in the previous month. The retail price … Continue reading

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GBP/USD: Pound trading higher this morning, CPI and retail data in the UK awaited

For the 24 hours to 23:00 GMT, GBP fell 0.41% against the USD and closed at 1.5583. In the UK, this morning, the RICS House Price Balance Index rose to -17.0 in November, compared to -24.0 in October. In the … Continue reading

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GBP/USD: Pound gives up some gains in the Asian session

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD, on Friday, and closed at 1.5661. In the UK, the input Producer Price Index (PPI) rose 13.4% (YoY) in November, compared to 14.3% rise in the previous … Continue reading

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GBP/USD: Continues to trade lower this morning

For the 24 hours to 23:00 GMT, GBP fell 0.50% against the USD and closed at 1.5629, on persistent concerns regarding the health of the UK economy. The Monetary Policy Committee of the Bank of England (BoE) left the size … Continue reading

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GBP/USD: Trading flat this morning ahead of BoE interest rate decision

For the 24 hours to 23:00 GMT, GBP rose 0.67% against the USD and closed at 1.5707. In the UK, the National Institute of Economic and Social Research reported that the Gross domestic Product (GDP) estimate rose 0.3% for three … Continue reading

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GBP/USD: Pound fell on poor economic data, trading slightly higher this morning

For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.5602, after the Lloyds Banking Group’s Halifax division reported that the house price index in the UK dropped 0.9% (MoM) in November, from a … Continue reading

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GBP/USD: Pound advanced on upbeat UK PMI data, trading lower this morning on poor retail sales data

For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.5643, after reports showed a rise in services Purchasing Manager’ Index (PMI) in the UK. The services PMI in the UK rose to 52.1 … Continue reading

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GBP/USD: Pound declined amid fall in the UK construction PMI, trading flat this morning

For the 24 hours to 23:00 GMT, GBP fell 0.59% against the USD, on Friday, and closed at 1.5599, following reports showing a decline in the UK construction PMI. British Pound also came under pressure, after the Bank of England’s … Continue reading

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