GBP/USD: UK’s Markit manufacturing PMI dropped to a two-month low level in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.3055. On the data front, UK’s seasonally adjusted Nationwide house price index rose 0.4% on a monthly basis in April, surpassing … Continue reading

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GBP/USD: UK’s BRC shop price index climbed in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.80% against the USD and closed at 1.3035. In the Asian session, at GMT0300, the pair is trading at 1.3042, with the GBP trading 0.05% higher against the … Continue reading

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GBP/USD: UK’s Lloyds business barometer advanced in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.09% against the USD and closed at 1.2932. The Bank of England Governor, Mark Carney, vowed to revamp the central bank by adapting to hard as well as … Continue reading

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GBP/USD: UK’s BBA mortgage approvals advanced to a nine-month high level in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.16% against the USD and closed at 1.2921 on Friday. On the data front, UK’s BBA mortgage approvals rose to a nine-month high level of 39.98K in March, … Continue reading

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GBP/USD: UK’s CBI business optimism improves in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2900, after UK Prime Minister, Theresa May, and opposition Labour Party failed to reach to an outcome over Brexit. On the … Continue reading

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GBP/USD: UK’s public sector net borrowing declined to a 17-year low in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.25% against the USD and closed at 1.2904. Data showed that UK’s public sector net borrowing posted a deficit of £0.84 billion in March, marking its lowest level … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.35% against the USD and closed at 1.2936. In the Asian session, at GMT0300, the pair is trading at 1.2932, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s retail sales advanced to its highest level in 2.5 years in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.09% against the USD and closed at 1.2981. Data revealed that UK’s retail sales unexpectedly climbed 6.7% on a yearly basis in March, hitting a 2.5-year high level … Continue reading

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GBP/USD: UK’s consumer price index advanced less than expected in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.05% against the USD and closed at 1.3038, after UK’s consumer price inflation rose below estimates. Data showed that UK’s consumer price index (CPI) climbed 1.9% on an … Continue reading

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GBP/USD: UK’s average earnings including bonus advanced at its fastest pace in a decade in December-February 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.42% against the USD and closed at 1.3045, amid interruption in further Brexit discussions between UK Prime Minister Theresa May’s government and the opposition Labour Party. Data showed … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.07% against the USD and closed at 1.3100, after Britain’s Foreign Secretary Jeremy Hunt made positive comments on Brexit negotiations. In the Asian session, at GMT0300, the pair … Continue reading

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