GBP/USD: Britain’s inflation surprisingly advanced to a six-month high level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.17% against the USD and closed at 1.3142. On the data front, UK’s consumer price index (CPI) unexpectedly climbed to a six-month high of 2.7% on a yearly … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.3165. In the Asian session, at GMT0300, the pair is trading at 1.3146, with the GBP trading 0.14% lower against the … Continue reading

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GBP/USD: Sterling trading flat in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.3154. In the Asian session, at GMT0300, the pair is trading at 1.3154, with the GBP trading flat against the USD … Continue reading

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GBP/USD: “No-deal” Brexit may adversely affect property markets for a longer period: Mark Carney

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.3064 on Friday. On Friday, Bank of England Governor, Mark Carney assured that the bank is prepared to face all potential … Continue reading

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GBP/USD: Bank of England (BoE) kept its benchmark interest rate steady at 0.75%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.48% against the USD and closed at 1.3109, amid reports that Britain and the European Union had made progress on the Irish border question, a major obstacle to … Continue reading

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GBP/USD: Sterling trading lower, ahead of crucial interest rate decision

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.3047. In the Asian session, at GMT0300, the pair is trading at 1.3044, with the GBP trading a tad lower against … Continue reading

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GBP/USD: Britain’s jobless rate lowest since 1975; earnings growth exceeds estimates

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly fell against the USD and closed at 1.3023, after UK’s Chancellor, Philip Hammond stated that time was running out to secure a Brexit deal. On the data front, … Continue reading

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GBP/USD: Britain’s economy expanded at a faster than expected pace in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.80% against the USD and closed at 1.3028, after the European Union’s Chief Brexit Negotiator, Michel Barnier raised hopes for a smooth Brexit with an ‘realistic’ departure agreement … Continue reading

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GBP/USD: Sterling trading slightly lower, ahead of crucial economic data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.05% against the USD and closed at 1.2923 on Friday. On the macro front, Halifax house price index advanced 3.7% in the three months to June-August 2018, at … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.14% against the USD and closed at 1.2929. In the Asian session, at GMT0300, the pair is trading at 1.2924, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: Britain’s service sector activity expanded in August, on strong new orders

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.42% against the USD and closed at 1.2911. Macroeconomic data indicated that UK’s services PMI climbed to 54.3 in August, reaching its second-highest level since February and more … Continue reading

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