GBP/USD: UK Chancellor to present the spring budget today

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.31% against the USD and closed at 1.3903. In the Asian session, at GMT0400, the pair is trading at 1.3901, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s industrial production surged to a 13-month high level in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.31% against the USD and closed at 1.3848 on Friday, boosted by upbeat industrial production figures in the UK. Data revealed that Britain’s industrial production rebounded 1.3% on … Continue reading

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GBP/USD: Pound trading on a weaker footing, ahead of key economic releases in the UK

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.63% against the USD and closed at 1.3814. In the Asian session, at GMT0400, the pair is trading at 1.3805, with the GBP trading 0.07% lower against the … Continue reading

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GBP/USD: UK’s Halifax house prices rose for the first time since November 2017 in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.3901. On the macro front, Britain’s Halifax house price index rebounded 0.4% on a monthly basis in February, at par with … Continue reading

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GBP/USD: Pound trading a tad lower this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.4% against the USD and closed at 1.3900. In the Asian session, at GMT0400, the pair is trading at 1.3895, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: Britain’s services sector activity jumped to its highest level in 4 months in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.46% against the USD and closed at 1.3849, after latest data indicated that UK’s services sector activity surged to a 4-month high level in February. UK’s Markit services … Continue reading

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GBP/USD: UK needs to face up to ‘hard facts’ on Brexit, warns Theresa May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3786 on Friday. On Friday, Britain’s Prime Minister, Theresa May, in a much-awaited Brexit speech, acknowledged that the UK and the … Continue reading

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GBP/USD: May’s Speech, due later today, will be closely monitor

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.16% against the USD and closed at 1.3773. Data showed that UK’s Markit manufacturing PMI dropped slightly to 55.2 in February, reaching its lowest level in 8 months … Continue reading

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GBP/USD: UK must speed up Brexit negotiations in order to reach a deal this year, warns Michel Barnier

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.0% against the USD and closed at 1.3757, as Brexit talks with the European Union’s (EU) hit another stumbling block, after the UK Prime Minister, Theresa May, rejected … Continue reading

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GBP/USD: UK’s GfK consumer confidence deteriorated in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.3910. In the Asian session, at GMT0400, the pair is trading at 1.3901, with the GBP trading 0.06% lower against the … Continue reading

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GBP/USD: UK’s BBA mortgage approvals grew for first time in 4 months in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.26% against the USD and closed at 1.3963. On the macro front, data showed that UK’s BBA mortgage approvals jumped more-than-expected to a level of 40.12K in January, … Continue reading

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