GBP/USD: British inflation unexpectedly slowed for the first time since October 2016 in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.08% against the USD and closed at 1.3044, following softer inflation figures in the UK. Data indicated that Britain’s consumer price index (CPI) climbed 2.6% on an annual … Continue reading

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GBP/USD: Second round of formal Brexit talks begun

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.35% against the USD and closed at 1.3056, after reports of political quarrels in the British government sparked concerns that discord within the government could make it difficult … Continue reading

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GBP/USD: UK’s Rightmove house prices rebounded in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.27% against the USD and closed at 1.3105 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3102, with the GBP trading marginally lower … Continue reading

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GBP/USD: BoE should consider winding down its asset purchase programme sooner: BoE’s Ian McCafferty

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.39% against the USD and closed at 1.2941, after the Bank of England (BoE) member, Ian McCafferty, struck a hawkish tone on monetary policy. The BoE rate-setter, Ian … Continue reading

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GBP/USD: Britain’s unemployment rate declined to a 42-year low during the three months ended May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.2891, after unemployment rate in the UK dipped to a 42-year low in the three months to May. Britain’s ILO unemployment … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.19% against the USD and closed at 1.2854. In the Asian session, at GMT0300, the pair is trading at 1.2849, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: Pound trading a tad lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.15% against the USD and closed at 1.2879. In the Asian session, at GMT0300, the pair is trading at 1.2875, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: UK’s manufacturing and industrial production surprisingly dropped in May, total trade deficit sharply widened in the same month

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.64% against the USD and closed at 1.2886 on Friday, following dismal economic data in the UK that offered multiple signs of slowdown in Britain’s economic momentum. Data … Continue reading

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GBP/USD: Pound trading a tad higher, ahead of a slew of economic data in the UK

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.26% against the USD and closed at 1.2969. In the Asian session, at GMT0300, the pair is trading at 1.2970, with the GBP trading slightly higher against the … Continue reading

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GBP/USD: Britain’s services sector expanded at its weakest pace in four months in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.06% against the USD and closed at 1.2936. On the data front, Britain’s Markit services PMI fell to a four-month low level of 53.4 in June, highlighting that … Continue reading

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GBP/USD: UK’s construction sector activity cooled in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.2928, on the back of downbeat construction sector data in the UK. Data indicated that Britain’s Markit construction PMI dropped to … Continue reading

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