Great Britain Pound GBP


Detailed information and fundamental factors

Central Bank: Bank of England

Interest Rate: 0.50%

Public Debt to GDP Ratio, 2014: 86.6%

Trade Balance, 2014: $182.6 bln.

Inflation, 2014: 1.5%

Sovereign Credit Ratings:


Supporting Factors

Global reserve currency


Currency of international trade


The Great Britain pound sterling (usually called simply “pound” or “sterling”) is the currency used in the United Kingdom and in British territories. Banknotes were introduced following the creation of the Bank of England in 1694, but the history of the currency can be traced long before that, making the pound the oldest world currency that is still in use. The sterling was the most important currency in the world before the World War I. After the World War II had broken out, several countries (for the most part those that belonged to the British Empire) either introduced the pound as their own currency, or pegged their currencies to the sterling. These countries have become know as the sterling area. The importance of the UK currency and the sterling was diminished after the pound was allowed to float freely in 1972. Subsequently, the role of the major world medium of exchange passed to the US dollar. It is still the fourth most traded currency after the dollar, the euro and the yen. The pound is also used as a reserve currency.

Great Britain Pound News Archive

Pound Resilient vs. Dollar & Yen, Soft vs. Euro

The Great Britain was strong against the US dollar and the Japanese yen (but not against the euro) today even after the release of disappointing trade data. The trade deficit shrank but not as much as specialists had expected.

Great Britain Pound Falls After Bank of England Meeting

The Great Britain pound fell following the Bank of England’s monetary policy meeting. The policy minutes were not particularly hawkish, leading to speculations that British policy makers could be forced to leave interest rates at the record low for a prolonged period.

Pound Gains as Construction Accelerates

The Great Britain pound gained today after a report showed that UK construction accelerated last month, adding to positive data released earlier this week.

Economic Reports Spark Rally of Great Britain Pound

The Great Britain pound rallied today, boosted by a couple of favorable macroeconomic reports released from the United Kingdom during the Wednesday’s trading session.

Positive Data Doesn’t Help Pound to Rally

The Great Britain pound moved lower against its major counterparts today even though macroeconomic data from the United Kingdom was supportive for the currency.

UK Pound Continues to Struggle in Forex Trading

UK pound is still struggling in currency trading on the FX market today. The UK pound has had a downside for several days now, and it is likely to continue to struggle, until new data can shed some light on what’s next, and what might result in a change in policy.

Public Borrowing Weighs on the UK Pound

UK pound is struggling against the euro right now, heading lower following disappointing data about borrowing. However, the pound is higher against the US dollar.

Great Britain Pound Slumps After UK Budget Deficit Widens

The Great Britain pound slumped against the major peers today. Domestic macroeconomic data was detrimental to the currency, showing that the budget deficit widened last month.

Great Britain Pound Lifted by UK Employment Data

The Great Britain pound climbed against its major peers today as employment data for July released from the United Kingdom was well-received by the Forex market, fueling talks about an interest rate hike from the Bank of England in a relatively near future.

UK Consumer Prices Bring Down Pound

UK consumer prices were disappointing last month, and that is weighing on sterling today. With this latest news, it is increasingly unlikely that the Bank of England will raise rates anytime soon.



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