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London 2012 legacy contin ...

The report on the successful legacies from London 2012 reveals that the British economy has seen a trade and industry boost i

posted by Alex 10 hours ago read more >>
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GBP/CHF Uptrend Survives ...

Markets reactions following the Preliminary UK GDP were muted, which in a way was positive for GBP/CHF’s uptrend, as the pr

posted by AlexZ 13 hours ago read more >>
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EURGBP – 0.7940 To Keep ...

The Euro is facing a stiff resistance around the 0.7930-40 area against the British pound, and if the EURGBP pair fails to br

posted by aayushjindal 18 hours ago read more >>
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UK Retail Sales Disappoin ...

The Great Britain pound retained its weakness against the US dollar today, following yesterday’s losses and touching the lo

posted by commodityblog 1 day 5 hours ago read more >>
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Foreign Nations Feel the ...

Although consumer prices ticked higher in the month of June and the unemployment rate declined, slow wage growth and weak spe

posted by Shari 1 day 7 hours ago read more >>
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BUYING POUND AT THE CHANN ...

Since March the exchange rate for GBP/NZD has been stuck in a rising channel. After dissapointing retail sales figures pound

posted by Tradeitsimple 1 day 11 hours ago read more >>
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Sterling under Pressure a ...

The British pound weakened Wednesday after the minutes from the Bank of England’s July meeting showed officials still favou

posted by Finances 2 days ago read more >>
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BOE Minutes Weigh on UK P ...

UK pound is down pretty much across the board today, thanks in large part to the release of the minutes from the latest Bank

posted by MMarquit 2 days ago read more >>
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Pound Sterling (GBP) Exch ...

Even oil prices which are often heavily impacted by risk has acted in a muted way with prices rising briefly before settling

posted by Sissie 2 days ago read more >>
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GBPUSD Daily Technical Ou ...

Could a drop down to the big round number level 1.70000 be seen soon? It is very possible as we know, and it is highly likely

posted by ForexAlchemy 3 days ago read more >>
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UK Government Considering Tesla Model S Purchases

posted by Avatar COTwatcher 4 days ago in GBP

According to a new report from Bloomberg, the UK's Government Car Service is considering Tesla's Model S under a program to buy more than 150 low-emission vehicles. The cars would be provided to UK ministers for official business purposes across...  read more
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Sterling facing a big week of data

posted by Avatar Lanen 4 days ago in GBP

In the UK, we get government borrowing, the minutes from the last bank of England meeting, retail sales data and on Friday, we get the 1st estimate of Q2 economic growth. All will have an ... In terms of rates , Gbp/Cad remains range bound. We appear ...  read more
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Indicators flashing red for upcoming UK retail sales

posted by Avatar Vanjo 4 days ago in GBP

How the balance of that equates to the sales number is unknown but I think that the main risk is to the downside on Thursday and that could mean that we see a sizable move lower in GBP. Despite the recovery, and as we've seen in the US also there seems...  read more
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Pound Sterling to Australian Dollar (GBP/AUD) Exchange Rate Gains Forecast

posted by Avatar superpotato 4 days ago in GBP, AUD

In fact, concerns regarding the housing sector are largely driving interest rate hike speculation, so signs that the property market might be cooling (which would reduce the necessity for a rate hike taking place this year) could wear on the Pound. The ...  read more
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BNP Paribas: We remain short EUR/GBP

posted by Avatar Orci 4 days ago in EUR, GBP

BNP Paribas, the French investment bank has given their updated near term outlook on the EUR/GPB cross. They believe pressure is on the BOE to bump up rates, is this the beginning of the cycle for higher interest rates which can lead to some normalcy?  read more
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Negative signals indicate losses to extend for GBPJPY

posted by Avatar vladimirribakov 4 days ago in JPY, GBP, Technical

Looking at the H4 chart there is a down trend line and stiff resistance around
173.40-50. So if prices push a bit higher to the mentioned levels and create bearish divergence with
bearish candle pattern we will be looking to sell.
TP1: 172.40  read more
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GBP/USD Forecast July 21-25

posted by Avatar forexcrunch 5 days ago in USD, GBP

GBP/USD showed slight losses for a second straight week as the pair slipped below the 1.71 line, closing at 1.7081. This week’s highlights are Retail Sales and Preliminary GDP. Here is an outlook for the main events moving the pound, and an updat  read more
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GBP/USD fundamental outlook

posted by Avatar ForexAbode 5 days ago in USD, GBP, Fundamental

GBP/USD fundamental outlook and Economic strength meter - July 20, 2014 @ ForexAbode.com  read more
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UK Pound Pauses After Gains Earlier This Week

posted by Avatar MMarquit 7 days ago in GBP

UK pound is pausing today, looking for consolidation at the end of this week after solid gains driven by encouraging economic data. More strength is expected for the sterling going forward, especially against the euro, thanks to the improving eco  read more
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Yen Retreats Against Majors

posted by Avatar AnnJ 7 days ago in USD, EUR, JPY, GBP, CAD

In the New York session, Canada consumer price index for June, wholesale sales for May, Reuters/University of Michigan's preliminary U.S. consumer sentiment index for July and U.S. leading indicators for June are set to be released. by RTT Staff Writer.  read more
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British Pound Likely To Lose More Ground Against Australian

posted by Avatar aayushjindal 8 days ago in GBP, AUD, Technical

The British pound was seen trading lower against few major currencies during the London session, including the Australian dollar.  read more
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GBP/USD: Pound Shrugs Off Strong UK Job Numbers

posted by Avatar Leonell 9 days ago in USD, GBP

On the release front, UK employment numbers were excellent, as Claimant Count Change posted its sharpest decline this year, while the unemployment rate dropped to 6.5%, its best performance in over 5 years. However, the Average Earnings Index...  read more