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GBP/USD: Marginal progress on the day
Data released Sunday by Rightmove showed a 1.5% fall average asking prices for UK houses in August. Prices were 0.8% higher in the year, however, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Read More…
Pound Sterling edges lower after mixed start to the week
The Pound Sterling (GBP) trades marginally lower in its most heavily traded pairs on Monday after a mixed start and despite the run of positive economic data out of the UK of late. Read More…
GBP/USD touches one-month peak around mid-1.2900s, seems poised to climb further
The GBP/USD pair builds on last week’s breakout momentum and climbs to over a one-month peak, around mid-1.2900s during the Asian session on Monday. The strong move up comes on the back of the recent solid bounce from the vicinity of a technically significant 200-day Simple Moving Average (SMA) and could be seen as a fresh trigger for bullish traders. Read More…
