GBP/USD: UK’s services PMI dropped in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.16% against the USD and closed at 1.2750. Macroeconomic data indicated that, UK’s Markit services PMI fell less-than-anticipated to a level of 52.6 in September, compared to market … Continue reading

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GBP/USD: UK’s construction PMI unexpectedly expanded in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.91% against the USD and closed at 1.2730. On the data front, UK’s construction PMI unexpectedly climbed to a level of 52.3 in September, expanding for the first … Continue reading

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GBP/USD: UK manufacturing activity hits highest level since June 2014 in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.65% against the USD and closed at 1.2847. In economic news, data showed that UK’s seasonally adjusted Markit manufacturing PMI unexpectedly climbed to a level of 55.4 in … Continue reading

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GBP/USD: UK’s economy grew faster than expected in the second quarter

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined slightly against the USD and closed at 1.2963 on Friday. In economic news, the second estimate of UK’s gross domestic product (GDP) rose by 0.7% on a quarterly … Continue reading

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GBP/USD: UK’s mortgage approvals plunged to the lowest level in nearly two-years in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.38% against the USD and closed at 1.2968, after the number of mortgage approvals for house purchases in the UK eased to a level of 60.1K in August, … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose slightly against the USD and closed at 1.3018. In the Asian session, at GMT0300, the pair is trading at 1.3025, with the GBP trading marginally higher against the … Continue reading

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GBP/USD: Pound trading on a weaker footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.37% against the USD and closed at 1.3017. In the Asian session, at GMT0300, the pair is trading at 1.2992, with the GBP trading 0.19% lower against the … Continue reading

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GBP/USD: UK mortgage approvals hit 19-month low level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.08% against the USD and closed at 1.2969. On the data front, UK’s BBA mortgage approvals dropped more-than-expected to a level of 37.0K in August, touching its lowest … Continue reading

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GBP/USD: Pound trading higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.88% against the USD and closed at 1.2962 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2980, with the GBP trading 0.14% higher … Continue reading

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GBP/USD: No need for additional easing: BoE’s Forbes

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.35% against the USD and closed at 1.3077, after the Bank of England (BoE) policymaker, Kristen Forbes, stated that there is no need for a further cut in … Continue reading

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GBP/USD: OECD halves UK growth forecast for 2017, blames it on Brexit

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.34% against the USD and closed at 1.3031. Yesterday, the Organisation for Economic Co-operation and Development (OECD) stated that Brexit is likely to hit the UK economy later, … Continue reading

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