GBP/USD: UK’s construction activity jumped to a 7-month high level in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.39% against the USD and closed at 1.3192. Macroeconomic data showed that UK’s construction PMI unexpectedly increased to a level of 53.1 in June, notching its highest level … Continue reading

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GBP/USD: Britain’s manufacturing PMI surprisingly increased in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.3141. On the data front, UK’s Markit manufacturing PMI unexpectedly rose to a level of 54.4 in June, defying market expectations … Continue reading

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GBP/USD: UK first quarter GDP growth revised up

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.96% against the USD and closed at 1.3202 on Friday, after UK’s economic growth was revised higher in the first quarter of 2018. Data showed that the nation’s … Continue reading

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GBP/USD: Sterling trading higher, ahead of final GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.3077. In the Asian session, at GMT0300, the pair is trading at 1.3107, with the GBP trading 0.23% higher against the … Continue reading

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GBP/USD: BoE warns over Brexit risks: Financial Stability Report

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.80% against the USD and closed at 1.3118. The Bank of England (BOE), in its Financial Stability Report (FSR), cautioned over the risks posed by Brexit to the … Continue reading

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GBP/USD: Britain’s BBA mortgage approvals climbed to a 4-month high level in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.44% against the USD and closed at 1.3224. Macroeconomic data revealed that UK’s BBA mortgage approvals unexpectedly climbed to a 4-month high level of 39.2K in May, compared … 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 rose 0.16% against the USD and closed at 1.3282. In the Asian session, at GMT0300, the pair is trading at 1.3286, with the GBP trading slightly higher against the … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.10% against the USD and closed at 1.3260 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3253, with the GBP trading 0.05% lower … Continue reading

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GBP/USD: BoE leaves benchmark interest rates unchanged, BoE, Chief Economist raises prospects of August rate hike

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.57% against the USD and closed at 1.3247. Yesterday, the Bank of England (BoE), at its June monetary policy meeting, opted to keep its key interest rates unchanged … Continue reading

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GBP/USD: Sterling trading lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP traded flat against the USD and closed at 1.3172. In the economic news, UK’s CBI industrial trends total orders jumped to a level of 13.0 in June, exceeding market … 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 0.56% against the USD and closed at 1.3172. In the Asian session, at GMT0300, the pair is trading at 1.3163, with the GBP trading 0.07% lower against the … Continue reading

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