GBP/USD: UK construction sector growth declined to a 3-month low in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.2857, after Britain’s construction PMI fell more than expected in August. Data revealed that UK’s construction PMI declined to 52.9 in … Continue reading

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GBP/USD: Britain’s manufacturing growth hits a 25-month low in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.2872, after UK’s manufacturing PMI fell to a 2-year low in August. Data showed that UK’s manufacturing PMI dropped to 52.8 … Continue reading

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GBP/USD: Britain’s August Nationwide house prices dropped at the fastest pace since July 2012

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.38% against the USD and closed at 1.2961 on Friday. Data showed that the Nationwide house prices unexpectedly dropped 0.5% on a monthly basis in August, marking its … Continue reading

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GBP/USD: UK’s net consumer credit grew at its slowest pace since November 2015 in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.11% against the USD and closed at 1.3010. Macroeconomic data showed that UK’s net consumer credit climbed £0.8 billion, rising at its slowest pace since November 2015 and … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.19% against the USD and closed at 1.3024, after the European Union’s Brexit negotiator, Michel Barnier stated that EU will offer Britain a unique trade deal. In the … Continue reading

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GBP/USD: Sterling extends its losses in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.18% against the USD and closed at 1.2871, amid ongoing fears over ‘no-deal’ Brexit. In the Asian session, at GMT0300, the pair is trading at 1.2860, with the … Continue reading

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GBP/USD: UK’s BBA mortgage approvals unexpectedly declined in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.33% against the USD and closed at 1.2894. On Friday, data showed that, UK’s BBA mortgage approvals surprisingly eased to a level of 39.6K in July, defying market … Continue reading

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GBP/USD: Brexit Secretary discloses prospects of “No-deal Brexit” plan

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.82% against the USD and closed at 1.2810, after Brexit Secretary, Dominic Raab revealed his department’s contingency plans for a no-deal exit from the EU and stated that … Continue reading

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GBP/USD: Sterling trading lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.10% against the USD and closed at 1.2916. In the Asian session, at GMT0300, the pair is trading at 1.2871, with the GBP trading 0.35% lower against the … Continue reading

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GBP/USD: UK’s public-sector net borrowing posted a surplus in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.83% against the USD and closed at 1.2903. On the macro front, Britain’s public-sector net borrowing reported a surplus of £2.9 billion in July, compared to a revised … Continue reading

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GBP/USD: Pound trading on a positive footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.45% against the USD and closed at 1.2797. In the Asian session, at GMT0300, the pair is trading at 1.2825, with the GBP trading 0.22% higher against the … Continue reading

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