GBP/USD: Pound trading lower, ahead of UK’s Markit manufacturing PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.08% against the USD and closed at 1.3769. In the Asian session, at GMT0300, the pair is trading at 1.3761, with the GBP trading 0.06% lower against the … Continue reading

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GBP/USD: UK posted its slowest rate of economic growth since 2012 in 1Q 2018

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.96% against the USD and closed at 1.3781 on Friday, after downbeat British economic growth figures diminished the odds of a May interest rate hike. Data indicated that … Continue reading

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GBP/USD: Pound trading higher, ahead of crucial UK 1Q GDP numbers

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.14% against the USD and closed at 1.3915. On the data front, Britain’s BBA mortgage approvals dropped to a level of 37.56K in March, compared to a revised … Continue reading

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GBP/USD: Pound trading marginally higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.33% against the USD and closed at 1.3934. In the Asian session, at GMT0300, the pair is trading at 1.3940, with the GBP trading a tad higher against … Continue reading

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GBP/USD: Britain’s public-sector net borrowing unexpectedly posted a surplus in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.3% against the USD and closed at 1.3980. In economic news, UK’s public-sector net borrowing posted a surplus of £0.3 billion in March, compared to a revised surplus … Continue reading

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GBP/USD: Pound trading higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.57% against the USD and closed at 1.3938. In the Asian session, at GMT0300, the pair is trading at 1.3945, with the GBP trading 0.05% higher against the … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.46% against the USD and closed at 1.4017 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.4022, with the GBP trading slightly higher … Continue reading

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GBP/USD: UK’s retail sales sharply declined in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.88% against the USD and closed at 1.4082, after the Bank of England’s (BoE) Governor, Mark Carney, casted doubt over the possibility of another interest rate hike next … Continue reading

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GBP/USD: UK’s annual inflation grew at its weakest pace in a year in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.61% against the USD and closed at 1.4207, after the latest data indicated that British annual inflation growth eased to a one-year low level in March. Data indicated … Continue reading

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GBP/USD: Britain’s jobless rate surprisingly fell to its lowest since 1975 in the three months to February 2018

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.4294, following weaker-than-expected wage growth figures in the UK. Data indicated that Britain’s average earnings including bonus climbed 2.8% on a … Continue reading

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GBP/USD: Pound trading a tad higher, ahead of UK’s ILO unemployment rate data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.60% against the USD and closed at 1.4338, ahead of UK’s post-Brexit trade negotiations with the EU starting this week. In the Asian session, at GMT0300, the pair … Continue reading

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