GBP/USD: UK set to kick-off Brexit negotiations today

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.24% against the USD and closed at 1.2784 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2770, with the GBP trading 0.11% lower … Continue reading

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GBP/USD: BoE narrowly votes in favour of maintaining record low interest rates

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.2754. Yesterday, the Bank of England (BoE), in a widely-expected move, opted to leave the key interest rate steady at 0.25% … Continue reading

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GBP/USD: UK’s ILO unemployment rate remained steady at a 42-year low level in the three months through April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.06% against the USD and closed at 1.2760, after UK’s ILO unemployment rate remained steady at a 42-year low level of 4.6% in the three months ended April, … Continue reading

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GBP/USD: UK inflation jumped to its highest level since June 2013 in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.66% against the USD and closed at 1.2752, after recent data indicated a more-than-expected rise in UK’s inflation. Britain’s consumer price index (CPI) advanced more-than-expected by 2.9% on … Continue reading

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GBP/USD: Election result threatens UK’s credit rating: Moody’s and S&P

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.58% against the USD and closed at 1.2669, as investors were still spooked by the outcome of last week’s snap election in the UK that resulted in a … Continue reading

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GBP/USD: Theresa May’s election gamble backfires, as voters delivered a hung parliament

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.2732 on Friday, after results of UK’s general election showed that British voters have dealt a devastating blow to the UK … Continue reading

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GBP/USD: Pound trading on a weaker footing, ahead of UK election verdict

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.39% against the USD and closed at 1.2776, after an exit poll indicated that the British Prime Minister, Theresa May is losing her parliamentary majority in Britain’s election, … Continue reading

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GBP/USD: Pound trading flat, ahead of British general election results

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.37% against the USD and closed at 1.2956, as investors bet that Theresa May’s Conservatives will win the UK’s general election. In economic news, Britain’s Halifax house price … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose slightly against the USD and closed at 1.2908. In the Asian session, at GMT0300, the pair is trading at 1.2901, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s services sector growth slowed in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.2906. Macroeconomic data showed that growth in UK’s dominant service sector slowed more than expected in May as political uncertainty ahead … Continue reading

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GBP/USD: UK’s construction sector activity unexpectedly rose to a 17-month high level in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2881 on Friday. On Friday, data showed that the UK construction PMI unexpectedly climbed to a level of 56.0 in in … Continue reading

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