GBP/USD: Britain’s manufacturing PMI unexpectedly climbed in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.39% against the USD and closed at 1.3349 on Friday. In economic news, UK’s Markit manufacturing PMI sector unexpectedly rose to a level of 54.4 in May. Markets … Continue reading

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GBP/USD: Britain’s April consumer credit surged by the most since November 2016

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.10% against the USD and closed at 1.3297, after data showed that UK’s net consumer credit rose £1.8 billion in April, posting its highest increase since November 2016 … Continue reading

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GBP/USD: UK economy would grow at a faster pace this year and next: OECD

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.20% against the USD and closed at 1.3284. Yesterday, the Paris based think tank, OECD raised Britain’s growth outlook to 1.4% this year and to 1.3% in 2019, … Continue reading

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GBP/USD: Pound trading lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.3258. In the Asian session, at GMT0300, the pair is trading at 1.3247, with the GBP trading 0.08% lower against the … Continue reading

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GBP/USD: British economy slowed as initially estimated in 1Q 2018

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.05% against the USD and closed at 1.3310. On Friday, data revealed that the second estimate of UK’s gross domestic product (GDP) advanced 0.1% on a quarterly basis … Continue reading

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GBP/USD: ‘Disorderly Brexit’ could trigger rate cut and cash injection: Mark Carney

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.19% against the USD and closed at 1.3384, following upbeat retail sales report in the UK. Data showed that UK’s retail sales rebounded 1.6% on a monthly basis … Continue reading

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GBP/USD: UK’s annual inflation advanced at its weakest pace in 13 months in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.55% against the USD and closed at 1.3358, after weaker-than-expected inflation figures in the UK diminished the possibility of a Bank of England (BoE) interest rate hike. Data … Continue reading

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GBP/USD: Interest rates could increase six times in the next three years: Gertjan Vlieghe

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.3432, Yesterday, the Bank of England (BoE) policymaker, Gertjan Vlieghe stated that he expects interest rates to rise at a faster … Continue reading

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GBP/USD: Pound trading lower, ahead of the BoE Governor’s speech

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.16% against the USD and closed at 1.3433. In the Asian session, at GMT0300, the pair is trading at 1.3419, with the GBP trading 0.10% lower against the … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.27% against the USD and closed at 1.3478 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3435, with the GBP trading 0.32% lower … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.07% against the USD and closed at 1.3515. In the Asian session, at GMT0300, the pair is trading at 1.3513, with the GBP trading slightly lower against the … Continue reading

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