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GBP/USD: British Parliament clears way for “Brexit” talks with EU while Scotland vows for new independence vote
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.31% against the USD and closed at 1.2211, after the Scottish First Minister, Nicola Sturgeon announced plans for a second independence referendum. In the Asian session, at GMT0400, … Continue reading
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GBP/USD: UK’s manufacturing, industrial and construction output, all dropped in January
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.2175 on Friday. On the macro front, Britain’s manufacturing production dropped more-than-anticipated by 0.9% on a monthly basis in January, following … Continue reading
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GBP/USD: Pound trading a tad higher, ahead of key economic releases in the UK
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.2153. In the Asian session, at GMT0400, the pair is trading at 1.2159, with the GBP trading slightly higher against the … Continue reading
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GBP/USD: OBR raises Britain’s GDP growth forecasts in UK’s 2017 Spring Budget
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.29% against the USD and closed at 1.2167. Yesterday, UK’s Finance Minister, Philip Hammond, in his Budget speech, stated that Britain’s economy is likely to feel the pain … Continue reading
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GBP/USD: OECD sharply raises UK’s growth forecast for this year
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.2202. On the macro front, UK’s seasonally adjusted Halifax house price index rose 0.1% MoM in February, undershooting market expectations for … 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 declined 0.5% against the USD and closed at 1.2237. In the Asian session, at GMT0400, the pair is trading at 1.2245, with the GBP trading 0.07% higher against the … Continue reading
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GBP/USD: UK’s services sector growth slowest in 5-months in February
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.1% against the USD and closed at 1.2278 on Friday. Macroeconomic data showed that Britain’s Markit services PMI eased more-than-expected to a level of 53.3 in February, hitting … Continue reading
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GBP/USD: UK’s construction sector activity picks up pace in February
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.24% against the USD and closed at 1.2266. In economic news, Britain’s Markit construction PMI unexpectedly rose to a level of 52.5 in February, compared to market expectations … Continue reading
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GBP/USD: UK’s manufacturing growth slowed in February
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.65% against the USD and closed at 1.2295, after data revealed that the pace of manufacturing sector growth in UK unexpectedly slowed in February. Britain’s Markit manufacturing PMI … Continue reading
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GBP/USD: Pound trading a tad lower, ahead of Britain’s manufacturing PMI data
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.51% against the USD and closed at 1.2375. In the Asian session, at GMT0400, the pair is trading at 1.2369, with the GBP trading marginally lower against the … Continue reading
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GBP/USD: UK’s GfK consumer confidence index dropped further in February
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.19% against the USD and closed at 1.2439. In the Asian session, at GMT0400, the pair is trading at 1.2429, with the GBP trading 0.08% lower against the … Continue reading
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