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Pound Declines on UK Jobs Report, Recovers on BoE Speeches

The British pound was on a downtrend against the US dollar from the Asian session, but its decline accelerated after the release of the UK labour market report. The pound recovered some of its losses after the hawkish tone outlined by Bank of England policymakers before the UK Parliament’s Treasury Committee.

Pound Declines on Weak UK Retail Sales and US Housing Data

The British pound today declined against the US dollar following the release of weak UK retail sales data for January. The pound further weakened against the greenback after the release of better than expected US housing data in the early American session.

GBP/USD Rallies Higher on UK Inflation Data, Later Declines

The GBP/USD currency pair today rallied higher after the release of UK inflation data for January as measured by the consumer price index. The currency pair later declined as the US dollar gained strength across the board, but did not give back all its gains.

GBP/USD Hits New 3-Week Lows on Mixed UK Data

The GBP/USD currency pair today dropped to new 3-week lows following the release of weak UK industrial production and trade balance data. The pair’s decline was further accelerated by a rebound in the US dollar demand supported by the sell-off across most European equities.

Pound Rallies Against US Dollar on Upbeat UK GDP Data

The British pound today rallied higher against the US dollar after the release of UK preliminary GDP data for the fourth quarter of 2017. The GDP report indicated that the UK economy grew at an accelerated pace beating expectations, which triggered the rally.

GBP/USD Rallies to New Highs on Positive UK Jobs Report

The GBP/USD currency pair today rallied to new highs above the 1.4100 level last witnessed before the historic Brexit vote. The pound rallied higher against the greenback buoyed by the positive UK labour market report released early in the European session.

Pound Declines Against US Dollar on Weak UK Retail Sales Data

The British pound today declined against the US dollar after the release of weak UK retail sales data for December. The pound initially fell after the retail sales report before rallying higher to new post-Brexit highs after which a downtrend ensued.

Pound Declines Against US Dollar on Weak UK Inflation Data

The British pound today declined against the US dollar after the release of weak UK inflation data as tracked by the Consumer Price Index. The pound retraced most of yesterday’s gains as demand for the US dollar increased across the board.

British Pound Swings Widely on UK Data and Chinese Rumors

The British pound today recorded wide swings against the US dollar as it dropped to 8-week lows and rallied higher on US dollar weakness. The rally was mainly triggered by rumors originating from China, but was short-lived as the pound headed lower much later.

GBP/USD Trades Sideways on Last Trading Day Before Christmas

The GBP/USD currency pair today traded mostly in a tight sideways range having rallied slightly in the early European session after the release of UK quarterly GDP data. The pair retraced some of its gains during the mid-European session, but rallied higher after the release of US personal income data for November.

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