GBP/USD: Weak inflation data, dull prospects for August rate hike

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.24% against the USD and closed at 1.3075 amid weak inflation figures. In the economic news, UK’s consumer price index climbed 2.4% on an annual basis in June, … Continue reading

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GBP/USD: Hard Brexit would affect August rate hike: BoE Governor, Mark Carney

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.98% against the USD and closed at 1.3107. The Bank of England (BoE) Governor, Mark Carney sounded optimistic over the growth of economic activity but expressed concerns that … 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 a tad against the USD and closed at 1.3237. In the Asian session, at GMT0300, the pair is trading at 1.3235, with the GBP trading slightly lower against … Continue reading

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GBP/USD: UK’s Rightmove house price index dropped to a 7-month low level in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.39% against the USD and closed at 1.3233 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3233, with the GBP trading flat against … Continue reading

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GBP/USD: Britain’s unsecured lending demand to increase in Q3 2018: BoE credit survey

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.17% against the USD and closed at 1.3182. As per the Bank of England’s (BoE) Credit Conditions survey, household demand for secured lending for re-mortgaging increased in the … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.43% against the USD and closed at 1.3205. In the Asian session, at GMT0300, the pair is trading at 1.3196, with the GBP trading 0.07% lower against the … Continue reading

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GBP/USD: UK economic growth gains momentum in May: NIESR

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.10% against the USD and closed at 1.3262, amid upbeat economic data. Macroeconomic data indicated that UK’s trade deficit narrowed to £2.8 billion in May, compared to a … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.36% against the USD and closed at 1.3249, following the resignation of two key UK officials namely Foreign Secretary, Boris Johnson and Brexit Minister, David Davis. In the … Continue reading

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GBP/USD: UK’s Halifax house price index climbed more-than-expected in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.51% against the USD and closed at 1.3290 on Friday. In the economic news, UK’s Halifax house price index rose 1.8% on yearly basis in the three-months ended … Continue reading

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GBP/USD: BoE Governor, Mark Carney optimistic on August rate hike

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.05% against the USD and closed at 1.3223. The Bank of England (BoE) Governor, Mark Carney expressed optimism over the nation’s growth and added that the economic slowdown … Continue reading

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GBP/USD: Britain’s services PMI surprisingly expanded to an 8-month high level in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.3230, as UK’s services PMI unexpectedly climbed to a level of 55.1 in June, posting its highest level in 8-months, driven … Continue reading

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