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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.2582. In the Asian session, at GMT0300, the pair is trading at 1.2581, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s services sector activity surprisingly fell in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.14% against the USD and closed at 1.2579. In economic news, UK’s services PMI unexpectedly eased to a level of 50.2 in June, defying market expectations for a … Continue reading

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GBP/USD: UK’s construction PMI surprisingly fell to a decade low level in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.40% against the USD and closed at 1.2597, after the Bank of England’s Governor, Mark Carney signalled that the economy could lose its momentum in case of a … Continue reading

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GBP/USD: UK manufacturing sector activity fell to a six-year low level in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.40% against the USD and closed at 1.2647, after UK’s manufacturing sector activity unexpectedly eased to a six-year low level of 48.0 in June, reflecting the impact of … Continue reading

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GBP/USD: UK’s gross domestic product advanced in 1Q 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.22% against the USD and closed at 1.2699 on Friday. Data revealed that UK’s final gross domestic product (GDP) advanced 0.5% on a quarterly basis in 1Q 2019, … Continue reading

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GBP/USD: UK’s Lloyd’s business barometer advanced in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.18% against the USD and closed at 1.2671. In the Asian session, at GMT0300, the pair is trading at 1.2669, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s BBA mortgage approvals eased beyond estimates in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.2694. On the macro front, UK’s BBA mortgage approvals eased to a level of 42.4K in May, more than market expectations … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.38% against the USD and closed at 1.2690, amid rising fears over no-deal Brexit, following former British Foreign Secretary, Boris Johnson’s comments that he would push for an … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.05% against the USD and closed at 1.2739. In the Asian session, at GMT0300, the pair is trading at 1.2746, with the GBP trading 0.05% higher against the … Continue reading

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GBP/USD: UK’s public sector net borrowing deficit narrowed in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.2741 on Friday. Macroeconomic data showed that UK’s public sector net borrowing deficit narrowed to £4.5 billion in May, from a … Continue reading

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GBP/USD: BoE left its key interest rate unchanged at 0.75%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.42% against the USD and closed at 1.2705. The Bank of England (BoE), in its latest policy meeting, kept its key interest rate unchanged at 0.75%, as widely … Continue reading

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