GBP/USD: Pound rises on hopes for a post-Brexit UK-EU trade deal

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.09% against the USD and closed at 1.3969 on Friday, amid renewed hopes of a softer Brexit, following reports that the 11-member Brexit cabinet committee reached an agreement … Continue reading

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GBP/USD: UK’s economy grew less than initially estimated in the final three months of 2017

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.35% against the USD and closed at 1.3960, shrugging off disappointing GDP report from the UK. In economic news, the second estimate of Britain’s gross domestic product (GDP) … Continue reading

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GBP/USD: UK’s ILO unemployment rate increased for the first time in nearly 2 years in the final three months of 2017

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.55% against the USD and closed at 1.3914, after UK’s ILO unemployment rate surprised to the upside in the three months to December 2017. Britain’s ILO unemployment rate … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.16% against the USD and closed at 1.3995, lifted by renewed optimism over Brexit, following a report that the European Parliament is preparing a plan to give Britain … 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 0.28% against the USD and closed at 1.4002. In the Asian session, at GMT0400, the pair is trading at 1.3973, with the GBP trading 0.21% lower against the … Continue reading

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GBP/USD: UK’s retail sales rises less than expected in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.76% against the USD and closed at 1.4013 on Friday, after data showed that UK’s retail sales came in worse-than-expected in January. Britain’s retail sales grew at a … Continue reading

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GBP/USD: Pound trading on a positive footing, ahead of Britain’s retail sales data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.61% against the USD and closed at 1.4093. In the Asian session, at GMT0400, the pair is trading at 1.4117, with the GBP trading 0.17% higher against the … Continue reading

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GBP/USD: UK should address weak productivity: IMF

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.4002. Yesterday, the International Monetary Fund (IMF) warned that Britain must focus on improving its productivity and international competitiveness in order … Continue reading

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GBP/USD: UK’s annual inflation topped market expectations in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.32% against the USD and closed at 1.3885, boosted by better-than-expected UK inflation figures. Data showed that Britain’s consumer price index (CPI) rose more-than-expected by 3.0% on an … Continue reading

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GBP/USD: Pound trading slightly higher, ahead of Britain’s inflation numbers

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP traded flat against the USD and closed at 1.3843. Yesterday, the Bank of England’s (BoE) policymaker, Gertjan Vlieghe, suggested that a further hike in interest rates was probably needed … Continue reading

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GBP/USD: UK’s industrial production sank by the most in over 5 years in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.98% against the USD and closed at 1.3806 on Friday, after comments from the European Union’s (EU) chief negotiator sparked a fresh wave of uncertainty over Britain’s exit … Continue reading

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