GBP/USD: UK public sector net borrowing reported a surplus in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.28% against the USD and closed at 1.2130. On the macro front, UK’s public sector net borrowing (excluding temporary effects of financial interventions) posted a less than expected … Continue reading

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GBP/USD: British Pound extends its gains in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.31% against the USD and closed at 1.2164. On the macro front, UK’s CBI trends total orders rose to a level of -13.00 in August, compared to a … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.16% against the USD and closed at 1.2126. In the Asian session, at GMT0300, the pair is trading at 1.2136, with the GBP trading 0.08% higher against the … Continue reading

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GBP/USD: UK’s Rightmove house prices declined in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.49% against the USD and closed at 1.2148 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2149, with the GBP trading a tad … Continue reading

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GBP/USD: UK’s retail sales advanced more-than-expected in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.24% against the USD and closed at 1.2089, on the back of upbeat UK retail sales data. On the macro front, UK’s retail sales rose 3.3% on a … Continue reading

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GBP/USD: UK’s consumer price inflation rises beyond central bank’s 2% target in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2060, as Britain’s consumer price inflation advanced beyond banks 2% target. On the macro front, UK’s consumer price index (CPI) rose … Continue reading

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GBP/USD: UK’s ILO unemployment rate unexpectedly rose to its highest level since 1971 in three months ended June 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.14% against the USD and closed at 1.2061. On the macro front, UK’s ILO unemployment rate unexpectedly climbed 3.9% in the three months ended June 2019, marking its … Continue reading

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GBP/USD: British Pound trading on a negative footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.32% against the USD and closed at 1.2078. In the Asian session, at GMT0300, the pair is trading at 1.2068, with the GBP trading 0.08% lower against the … Continue reading

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GBP/USD: Britain’s economy contracted for the first time in seven years in 2Q 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.88% against the USD and closed at 1.2034 on Friday, after the British economy contracted for the first time since 2012 in the second quarter. In economic news, … Continue reading

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GBP/USD: Sterling trading a tad lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2140. In the Asian session, at GMT0300, the pair is trading at 1.2139, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: UK’s Halifax house price balance unexpectedly fell in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.17% against the USD and closed at 1.2145. Data indicated that UK’s Halifax house prices unexpectedly fell 0.2% on a monthly basis in July, compared to a revised … Continue reading

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