GBP/USD: Pound trading marginally lower, ahead of key economic releases in the UK

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.22% against the USD and closed at 1.3539. In the Asian session, at GMT0400, the pair is trading at 1.3534, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: Britain’s Halifax house prices surprisingly fell in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP trade flat against the USD and closed at 1.3569. Macroeconomic data showed that UK’s Halifax house price index recorded an unexpected drop of 0.6% on a monthly basis in … Continue reading

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GBP/USD: Pound trading a tad higher this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.11% against the USD and closed at 1.3566 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3568, with the GBP trading marginally higher … Continue reading

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GBP/USD: UK’s services sector growth came in stronger-than-estimated in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.3551, on the heels of robust UK services sector report. Data revealed that Britain’s Markit services PMI climbed more-than-anticipated to a … Continue reading

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GBP/USD: UK’s construction sector growth eased from a 5-month high in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.59% against the USD and closed at 1.3512, on the back of weaker-than-expected construction sector data in Britain. The Markit construction PMI in the UK dropped more-than-expected to … Continue reading

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GBP/USD: UK’s manufacturing sector growth came in weaker-than-expected in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.58% against the USD and closed at 1.3592. Macroeconomic data revealed that Britain’s Markit manufacturing PMI dropped more-than-expected to a level of 56.3 in December, after recording a … 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 rose 0.45% against the USD and closed at 1.3513. In the Asian session, at GMT0400, the pair is trading at 1.3516, with the GBP trading a tad higher against … Continue reading

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GBP/USD: Britain’s BBA mortgage approvals dropped to its lowest level in 15 months in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.2% against the USD and closed at 1.3434. On the data front, UK’s BBA mortgage approvals unexpectedly dropped to a level of 39.5K in November, dropping to its … Continue reading

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GBP/USD: Pound trading on a stronger footing in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.25% against the USD and closed at 1.3407. In the Asian session, at GMT0400, the pair is trading at 1.3420, with the GBP trading 0.1% higher against the … Continue reading

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GBP/USD: UK’s economy expanded as initially estimated in 3Q 2017

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.3373. Data released on Friday showed that Britain’s final gross domestic product (GDP) rose 0.4% on a quarterly basis in the … Continue reading

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GBP/USD: UK’s Lloyds business confidence jumped to a 5-month high level in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.3384. On the economic front, UK’s public sector net borrowing posted a less-than-expected deficit of £8.1 billion in November, following a … Continue reading

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