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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.2172. In the Asian session, at GMT0400, the pair is trading at 1.2167, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s Halifax house prices grew at its fastest pace in nine months in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.63% against the USD and closed at 1.2173, after comments from the British Prime Minister stoked fresh worries of a “hard Brexit”. The Britain’s Prime Minister, Theresa May … Continue reading

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GBP/USD: Pound trading lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.1% against the USD and closed at 1.2274 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.2244, with the GBP trading 0.24% lower … Continue reading

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GBP/USD: Britain’s services sector unexpectedly expanded at the fastest rate in 17-months in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP advanced 0.73% against the USD and closed at 1.2411, as UK’s Markit services PMI expanded at the fastest rate since July 2015, after it jumped unexpectedly to a level … Continue reading

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GBP/USD: UK’s construction sector accelerated at its fastest pace in 9-months in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.69% against the USD and closed at 1.2321, after Markit construction PMI in the UK unexpectedly climbed to a level of 54.2 in December, expanding at its fastest … Continue reading

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GBP/USD: UK’s manufacturing sector surprisingly jumped to its highest level in 30-months in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.2237. In economic news, data showed that UK’s Markit manufacturing PMI unexpectedly rose to a level of 56.1 in December, hitting … Continue reading

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GBP/USD: Pound trading higher, ahead of Britain’s Markit manufacturing PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.53% against the USD and closed at 1.2275. In the Asian session, at GMT0400, the pair is trading at 1.2301, with the GBP trading 0.21% higher from yesterday’s … Continue reading

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GBP/USD: UK’s Nationwide house prices jumped in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.2254, after UK’s seasonally adjusted Nationwide house prices advanced more-than-expected by 0.8% MoM in December, compared to market expectations for a … Continue reading

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GBP/USD: UK’s BBA mortgage approvals surprisingly declined in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.42% against the USD and closed at 1.2219, after UK’s BBA mortgage approvals unexpectedly dropped to a level of 40.7K in November, suggesting that the nation’s housing market … Continue reading

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GBP/USD: UK’s economy performed better than initially estimated in the third quarter

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2270. On Friday, data revealed that UK’s final gross domestic product (GDP) was revised upwards to 0.6% on a quarterly basis … Continue reading

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GBP/USD: Pound trading lower, ahead of UK’s 3Q GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.52% against the USD and closed at 1.2287. In the Asian session, at GMT0400, the pair is trading at 1.2278, with the GBP trading 0.07% lower against the … Continue reading

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