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Pound Falls Despite Upbeat UK Retail Sales, Extends Losses on US Data

The Sterling pound today fell against the US dollar despite the release of upbeat UK retail sales data in the early London session. The GBP/USD currency pair extended its losses following the release of positive retail sales data from the US docket in the early American session.

British Pound Hits New Weekly Lows As UK Inflation Disappoints

The Sterling pound today fell against the US dollar as UK inflation missed expectations to extend the pound’s losses against the greenback. The GBP/USD currency pair was also weighed down by the deadlock in Brexit negotiations between Theresa May‘s government and the opposition party.

British Pound Falls on Rumors of Stalled Bi-Partisan Brexit Talks

The British pound today fell to new weekly lows against the US dollar driven by rumors of stalled talks between the UK government and the opposition party. The GBP/USD currency pair was stuck in range up to the mid-London session when the Labour Party leader stated that there was no agreement on a customs union yet.

Pound Rises amid Calm Trading, Housing Data Supports

The Great Britain pound rose today in absence of any significant news after the Brexit extension till October 31. Positive domestic macroeconomic data might have helped the currency a bit.

Pound Rallies on Domestic Data, Brexit Optimism

The Great Britain pound preserved at the beginning of the Thursday’s trading session gains it has achieved on Wednesday. The currency’s good performance was a result of largely positive domestic macroeconomic data and the hopeful outlook for the Brexit.

Pound Trades in Wide Range Driven by Brexit Headlines

The Sterling pound today traded in a wide range against the US dollar driven by multiple Brexit headlines as the deadline for Britain’s exit from the EU looms. The GBP/USD currency pair today traded in an almost 100-pip range as investors reacted to different headlines most of which indicated that a Brexit deal was not close to being done.

Sterling Soft Despite MPs Ruling Out Hard Brexit

The Great Britain pound was soft today even as the British Parliament voted for a bill that rules out a no-deal Brexit.

Pound Rallies as Theresa May Meets Jeremy Corbyn

The Great Britain pound gained on most other major currencies today as British Prime Minister Theresa May was meeting with opposition Labour leader Jeremy Corbyn.

Sterling Reverses Gains as MPs Reject May’s Brexit Proposal Again

The Great Britain pound was rising initially today but reversed gains after UK Prime Minister Theresa May failed yet again to convince the Parliament to vote for her Brexit plans. There were plenty of economic reports released in the United Kingdom today but they had limited impact on the market as the investors’ attention was focused on the Brexit vote.

Pound Rallies Amid Rising Support for May’s Brexit Deal

The British pound today rallied higher against the US dollar in the European session amid growing support of Theresa May‘s Brexit deal among UK lawmakers. The GBP/USD currency pair today headed lower in the American session amid growing geopolitical fears, which caused the US dollar to rally as investors sought safety.

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