GBP/USD: Brexit uncertainty has weakened UK economy: IMF

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.1% against the USD and closed at 1.3373, after the International Monetary Fund (IMF) lowered UK’s GDP growth forecast for this year and next, stating that political uncertainty … Continue reading

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GBP/USD: Pound trading higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3387. In the Asian session, at GMT0400, the pair is trading at 1.3396, with the GBP trading 0.07% higher against the … Continue reading

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GBP/USD: UK CBI manufacturing order growth stayed at a 30-year high

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.38% against the USD and closed at 1.3383. Data indicated that the UK CBI industrial trends orders remained unchanged at 17 in December from the last month. Market … Continue reading

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GBP/USD: EU leaders agreed to move to second phase of Brexit talks

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.76% against the USD and closed at 1.3322 on Friday, after the European Union (EU) leaders agreed to move on to the second phase of Brexit negotiations, but … Continue reading

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GBP/USD: BoE held interest rate steady at 0.50%, stuck to its outlook for modest tightening

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.09% against the USD and closed at 1.3424, following better-than-expected retail sales data in the UK. However, gains in the Pound were limited, after the Bank of England … Continue reading

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GBP/USD: UK’s ILO unemployment rate surprisingly remained steady at a 4-decade low, wages picked-up in the three months to October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.71% against the USD and closed at 1.3412, after data pointed to a pick-up in the UK wage growth. Britain’s average earnings excluding bonus climbed more-than-expected by 2.3% … Continue reading

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GBP/USD: Britain’s annual inflation hit highest level since March 2012 in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.19% against the USD and closed at 1.3318. Earlier in the session, the Pound advanced against the USD, after latest data indicated that annual inflation in Britain jumped … Continue reading

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GBP/USD: Pound trading a tad lower, ahead of key inflation data in the UK

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.3343. In the Asian session, at GMT0400, the pair is trading at 1.3339, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: UK and the EU clinched a Brexit deal

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.63% against the USD and closed at 1.3395 on Friday. The Pound surged earlier in the session, on news that the UK and the European Union (EU), after … Continue reading

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GBP/USD: UK’s Halifax house prices climbed for fifth straight month in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.72% against the USD and closed at 1.3480, on hopes that the UK Prime Minister, Theresa May, will break the current impasse in Brexit negotiations by meeting a … Continue reading

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GBP/USD: Pound trading flat in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.25% against the USD and closed at 1.3383, after UK’s Chief Brexit negotiator, David Davis stated that “no quantitative assessment” was carried out to analyse the impact of … Continue reading

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