GBP/USD: UK services PMI surpassed expectations in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.3298, after UK’s Markit services PMI rebounded more-than-anticipated to a level of 52.9 in August, as the British economy seems to … Continue reading

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GBP/USD: British PM warns of ‘difficult times ahead’ for UK economy

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.19% against the USD and closed at 1.3294 on Friday, after UK’s construction PMI advanced more-than-expected to a 3-month high level of 49.2 in August, after registering a … Continue reading

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GBP/USD: UK’s manufacturing PMI soared to a ten-month high level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.96% against the USD and closed at 1.3269, after UK’s seasonally adjusted Markit manufacturing PMI advanced above expectations to a level of 53.3 in August, jumping back into … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.47% against the USD and closed at 1.3143, after UK’s seasonally adjusted Nationwide house prices unexpectedly rose by 0.6% on a monthly basis in August, compared to market … Continue reading

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GBP/USD: UK’s consumer confidence improved in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.17% against the USD and closed at 1.3082. In economic news, the number of mortgage approvals for house purchases in the UK eased more-than-expected to a level of … Continue reading

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GBP/USD: UK’s economic growth confirmed at 0.6% in second quarter

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.06% against the USD and closed at 1.3104. On Friday, the second estimate of UK’s GDP revealed that the economy grew by 0.6% QoQ in the second quarter … Continue reading

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GBP/USD: Pound trading higher, ahead of UK’s Q2 GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.3188. In economic news, UK’s CBI quarterly distributive trades survey index advanced to a six-month high level of 9.0 in August, … Continue reading

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GBP/USD: Pound trading lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.3% against the USD and closed at 1.3233. In economic news, UK’s BBA mortgage approvals fell more-than-anticipated to an 18-month low level of 37.7K in July, compared to … Continue reading

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GBP/USD: Pound trading lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.46% against the USD and closed at 1.3193. On the data front, UK’s CBI industrial trends total orders eased to a level of -5.0 in August, compared to … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.61% against the USD and closed at 1.3132. In the Asian session, at GMT0300, the pair is trading at 1.3135, with the GBP trading marginally higher against the … Continue reading

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GBP/USD: Pound trading on a weaker footing in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.61% against the USD and closed at 1.3079. On the data front, UK’s public sector net borrowing posted a surplus of £1.5 billion, from a revised deficit of … Continue reading

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