GBP/USD: UK’s manufacturing sector growth slightly eased in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.09% against the USD and closed at 1.2885, after the latest data indicated that UK’s manufacturing sector is sustaining most of the growth momentum. Britain’s Markit manufacturing PMI … Continue reading

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GBP/USD: UK’s mortgage approvals dipped to a 7-month low level in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.52% against the USD and closed at 1.2873. On the data front, number of mortgage approvals for house purchases in the UK unexpectedly eased to a level of … Continue reading

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GBP/USD: UK’s GfK consumer confidence edged up to a 4-month high level in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.1% against the USD and closed at 1.2807. In the Asian session, at GMT0300, the pair is trading at 1.2829, with the GBP trading 0.17% higher against the … 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 slightly rose against the USD and closed at 1.2820. In the Asian session, at GMT0300, the pair is trading at 1.2817, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s economy expanded more slowly than expected in the first quarter

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.2931, after macroeconomic data showed that UK’s economic growth in the first quarter was slower than previously estimated, raising concerns about … Continue reading

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GBP/USD: British Pound trading higher, ahead of UK’s 1Q GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.2971. In the Asian session, at GMT0300, the pair is trading at 1.2984, with the GBP trading 0.10% higher against the … Continue reading

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GBP/USD: UK public sector net borrowing rose in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.32% against the USD and closed at 1.2961, after a suspected terrorist attack in UK’s Manchester city killed at least 22 people and left around 60 people injured. … Continue reading

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GBP/USD: Pound trading lower, ahead of the UK public sector net borrowings data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.3003. Meanwhile, latest polls showed that the UK Prime Minister, Theresa May’s lead over her opposition leaders had narrowed to nine … Continue reading

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GBP/USD: UK CBI industrial trends total orders unexpectedly rose in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.7% against the USD and closed at 1.3033 on Friday. Data revealed that the CBI industrial trends total orders surprisingly advanced to 9.0 in May, mainly driven by … Continue reading

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GBP/USD: UK’s retail sales sharply rebound in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.19% against the USD and closed at 1.2942. In economic news, data showed that British retail sales rebounded more-than-anticipated by 2.3% on a monthly basis in April, suggesting … Continue reading

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GBP/USD: UK’s ILO unemployment rate surprisingly dipped to a more than 4-decade low level in the three months to March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.4% against the USD and closed at 1.2967, after the latest ILO jobs report highlighted continued strength in the UK labour market. Britain’s ILO unemployment rate unexpectedly fell … Continue reading

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