GBP/USD: Britain’s economy grew beyond expectations in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.26% against the USD and closed at 1.3077, after Britain’s parliament rejected Prime Minister Theresa May’s Brexit deal for a second time in a vote, increasing the likelihood … Continue reading

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GBP/USD: Sterling trading ahead of key economic data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 2.09% against the USD and closed at 1.3244, ahead of a key Brexit vote in the British Parliament. In the Asian session, at GMT0400, the pair is trading … Continue reading

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GBP/USD: British Pound extends its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.54% against the USD and closed at 1.3013 on Friday, after the British Prime Minster, Theresa May, warned that UK could face crisis, if MPs rejected her Brexit … Continue reading

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GBP/USD: Britain’s Halifax house prices advanced more-than-estimated in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.68% against the USD and closed at 1.3083. On the macro front, data showed that UK’s Halifax house price index advanced 5.9% on a monthly basis in February, … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.14% against the USD and closed at 1.3172. Yesterday, the Paris-based think tank, OECD slashed Britain’s growth outlook to 0.8% from 1.4% in 2019, amid Brexit uncertainty and … Continue reading

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GBP/USD: Britain’s services sector unexpectedly rose in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.20% against the USD and closed at 1.3154, amid persistent uncertainty over Brexit. On the data front, the Markit services PMI unexpectedly rose to a level of 51.3 … Continue reading

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GBP/USD: UK’s construction PMI declined for the first time in 11-months in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.42% against the USD and closed at 1.3180. Macroeconomic data showed that UK’s construction PMI declined to a level 49.5 in February, declining for the first time in … Continue reading

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GBP/USD: UK’s manufacturing sector growth declined to a 4-month low level in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.61% against the USD and closed at 1.3181 on Friday. On the data front, UK’s manufacturing PMI declined to a level of 52.0 in February, marking its lowest … Continue reading

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GBP/USD: UK’s Nationwide house price index unexpectedly eased in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.38% against the USD and closed at 1.3262. Data indicated that UK’s Nationwide house price index unexpectedly retreated 0.1% on a monthly basis in February, defying market expectations … Continue reading

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GBP/USD: UK’s Gfk consumer confidence index surprisingly advanced in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.41% against the USD and closed at 1.3313, amid reduced possibilities of a no-deal Brexit. On the data front, UK’s Gfk consumer confidence index unexpectedly climbed to a … Continue reading

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GBP/USD: Sterling reverses its gains in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.06% against the USD and closed at 1.3259, amid news of a potential Brexit delay. Data showed that UK’s BBA mortgage approvals unexpectedly rose to a level of … Continue reading

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