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GBP/USD: IMF revives recession warning for the UK over Brexit
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.07% against the USD and closed at 1.4361. In the Asian session, at GMT0300, the pair is trading at 1.4588, with the GBP trading 1.58% higher against the … Continue reading
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GBP/USD: BoE maintains status quo, ups ante on Brexit warning
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.09% against the USD and closed at 1.4209, after the Bank of England (BoE) policymakers voted 9-0 to hold the interest rate at a record low 0.50% and … Continue reading
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GBP/USD: Pound trading lower, ahead of the BoE’s monetary policy decision
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.4196, after UK’s ILO unemployment rate surprisingly fell to 5.0% during the three months to April 2016, touching its lowest level … Continue reading
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GBP/USD: UK inflation rate missed expectations in May
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.61% against the USD and closed at 1.4109, after UK’s consumer price index (CPI) advanced less-than-expected by 0.2% MoM in May, following a 0.1% rise in the previous … Continue reading
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GBP/USD: Pound trading lower, ahead of UK’s CPI data
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.21% against the USD and closed at 1.4195, amid concerns surrounding the UK’s EU membership referendum due next week. In the Asian session, at GMT0300, the pair is … Continue reading
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GBP/USD: Britain’s one-year inflation expectations advanced in May
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 1.40% against the USD and closed at 1.4258. In economic news, UK’s construction output rebounded above expectations by 2.5% MoM in April, following a 3.6% decline in March … Continue reading
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GBP/USD: UK trade deficit narrowed in April as exports jumped
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.34% against the USD and closed at 1.4460. In economic news, UK’s total trade deficit narrowed to £3.3 billion in April, its smallest trade deficit in seven months, … Continue reading
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GBP/USD: Britain’s industrial production surged in April
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.19% against the USD and closed at 1.4509. On the economic front, UK’s industrial production surprisingly advanced by 2.0% MoM in April, its strongest monthly gain since July … Continue reading
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GBP/USD: Pound trading a tad higher, ahead of UK’s NIESR GDP estimate data
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.59% against the USD and closed at 1.4537, after UK’s Halifax house price index advanced more-than-expected by 0.6% MoM in May, following a 0.8% decline in the previous … Continue reading
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GBP/USD: UK retail spending rebounds in May
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.47% against the USD and closed at 1.4452. In the Asian session, at GMT0300, the pair is trading at 1.4462, with the GBP trading 0.07% higher against the … Continue reading
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GBP/USD: Britain’s service sector growth picked up in May
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.71% against the USD and closed at 1.4514. In economic news, UK’s Markit services PMI advanced above expectations to a level of 53.5 in May, from a three-year … Continue reading
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