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British Pound Rallies Higher on Upbeat UK Construction PMI Data

The Sterling pound today rallied higher against the US dollar following the release of upbeat Markit/CIPS UK Construction PMI data in the early European session. The pound’s rally drove the GBP/USD currency pair higher even as uncertainty loomed over the Brexit negotiations.

Good Manufacturing PMI Unable to Prevent Sterling from Falling

The Great Britain pound fell today despite the manufacturing data that was above expectations. Traders were still concerned that the United Kingdom and the European Union may not reach a Brexit deal before the UK officially severs ties with the EU.

British Pound Rallies Higher on Upbeat UK Services PMI Data

The British pound today rallied higher after the release of the UK Services PMI for May by IHS Markit, which beat expectations by a significant margin. The positive PMI data served to raise expectations of a rate hike by the Bank of England in the near future as the country’s GDP growth rebounds in the current quarter.

Pound Rallies on Construction Data, Loses Gains Later

The Great Britain pound started the week strong, rallying on the back of favorable construction data. Yet by now, the currency has lost gains versus most of its major peers.

Sterling Gets Boost from Britain’s Improving Manufacturing

The Great Britain pound dipped at the start of the current trading session but halted its decline later and attempted to rally. The currency got additional boost from the better-than-expected manufacturing report.

Sterling Pound Falls on Weak UK Services PMI Data

The Sterling pound today declined slightly against the US dollar following the release of the weak Markit/CIPS UK Services PMI data in the early European session. The pound was minimally affected in the early American session after several releases from the US docket such as the positive jobless claims data.

Pound Loses Gains Caused by Surprisingly Good Construction PMI

The Great Britain pound was lifted intraday by a surprisingly good report about the construction sector. By now, though, the currency has trimmed its gains, losing them outright against some rivals, like the US dollar and the Japanese yen.

Sterling Pound Declines on Weak UK Manufacturing PMI

The Sterling pound today declined significantly against the US dollar following the release of the Markit/CIPS UK Manufacturing PMI in the early European session. The pound’s decline was further accelerated by the US dollar’s recovery as it extended its gains at the start of the new month.

British Pound Trades Sideways on UK Construction PMI

The British pound today traded sideways against the US dollar after the release of the Markit/CIPS UK Construction PMI in the early European session. The pound rallied slightly higher in the mid-European session in risk-off environment as markets reacted to President Trump’s announcement that the US would institute steep tariffs on imported steel and aluminum products.

Pound Slips After Growth of Britain’s Services Sector Slows

The Great Britain pound fell against its most-traded rivals today, though held its ground against the US dollar, after growth of Britain’s services sector slowed unexpectedly.

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