GBP/USD hovers near lows as May is named UK PM, BoE eyed

GBP/USD has retraced some of its recent gains on Thursday, pulling back from a 9 day high, as investors await Bank of England decision and Cameron off
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Beige Book: US economic activity continues to expand at a “modest pace”

According to the Federal Reserve’s Beige Book about the state of the economy, based on information collected before July 1, the economic activity...
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