GBP/USD: UK manufacturing dip drags Pound, trading higher in Asian session

For the 24 hours to 23:00 GMT, GBP fell 0.75% against the USD and closed at 1.6298, amid poor UK manufacturing data. In the UK, the manufacturing Purchasing Managers’ Index (PMI) declined to a reading of 49.1 in July, following … Continue reading

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GBP/USD: Pair is trading higher ahead of UK manufacturing PMI data

For the 24 hours to 23:00 GMT, GBP rose 0.43% against the USD, on Friday, and closed at 1.6432. In the UK, the money supply, on monthly basis, decreased 0.5% in June, following a 0.1% gain in the previous three … Continue reading

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GBP/USD: Trading below short term moving averages

For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.6361. In the UK, the consumer confidence declined to -30.0 in July from -25.0 in the previous month. Additionally, the Confederation of British Industry … Continue reading

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GBP/USD: Pound fell on poor UK factory orders data

For the 24 hours to 23:00 GMT, GBP fell 0.55% against the USD and closed at 1.6329, after the report showed that UK factory orders declined more than expected and manufacturers’ optimism plunged to the lowest in two years. The … Continue reading

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GBP/USD: Pound continues its rally in the Asian session on positive UK GDP data

For the 24 hours to 23:00 GMT, GBP rose 0.87% against the USD and closed at 1.6419, after a report that showed UK economic growth matched market expectations. The gross domestic product (GDP) in the UK rose by 0.2% (Q-o-Q) … Continue reading

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GBP/USD: Pound trading higher this morning ahead of UK GDP release

For the 24 hours to 23:00 GMT, GBP fell 0.20% against the USD and closed at 1.6278. In the UK, the number of home loans issued by the BBA increased in June to 31,747, in comparison with 30,803 in April. … Continue reading

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GBP/USD: Trading flat this morning

For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD, on Friday, and closed at 1.6301. In the UK, the house prices declined by 0.1% (M-o-M) in July, posting the third consecutive monthly decline. The pair opened … Continue reading

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GBP/USD: Pound rises on strong UK retail sales‎, trading lower this morning

For the 24 hours to 23:00 GMT, GBP rose 0.97% against the USD and closed at 1.6318, on strong UK retail sales data. In the UK, the retail sales rose by 0.7% (M-o-M) in June following a 1.3% decline in … Continue reading

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GBP/USD: Pound trading lower amid drop in consumer confidence data

For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.6162, after the release of Bank of England minutes. The Bank of England policy meeting minutes showed that seven of nine members of the … Continue reading

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GBP/USD: Trading lower ahead of BoE Minutes

For the 24 hours to 23:00 GMT, GBP rose 0.42% against the USD and closed at 1.6134. The pair opened the Asian session at 1.6134, and is trading at 1.6126 at 3.00GMT. The pair is trading 0.05% lower from yesterday’s … Continue reading

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GBP/USD: Pair trading between its MA’s

For the 24 hours to 23:00 GMT, GBP fell 0.29% against the USD and closed at 1.6067, on poor UK house prices data. The pair opened the Asian session at 1.6067, and is trading at 1.6077 at 3.00GMT. The pair … Continue reading

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