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

UK Sterling Down on Diminishing Prospects for Rate Hike

The Great Britain pound fell today due to concerns that the struggling economy will not allow the nation’s central bank to raise interest rates as soon as was expected.

UK Pound Mostly Lower on Retail Sales Data

It’s been a choppy couple of days for the UK pound. Thanks to data releases and speculation, things are a little unsettled. Sterling is mostly lower today, thanks to the latest retail sales information.

Sterling Gains on Dollar Despite Retail Sales, Drops vs. Other Majors

The Great Britain pound gained on the US dollar even though the retail sales report released from the United Kingdom today was disappointing. Against other major currencies, the sterling declined.

Pound Bounces After UK Inflation Data

The Great Britain pound was falling at the start of today’s trading session but bounced after the release of inflation data, rising above the opening level.

Pound Rises, Shrugs Off Negative Jobs Data

The Great Britain pound rose even though UK employment data released today was detrimental to the currency for the most part.

Warnings Against Brexit Continue as UK Pound Trades Mostly Lower

UK pound is mostly lower today, thanks to yesterday’s rate news from the Bank of England. Also, concern that the UK might leave the European Union is affecting the sterling a little bit.

GBP Edges Higher vs. JPY as UK Services PMI Improves

The Great Britain pound gained against the Japanese yen but remained flat against the US dollar during the current trading session. The currency got support from the report that showed an improvement of the services sector.

Pound Flat vs. Dollar, Gains on Yen

The Great Britain pound was little changed against the US dollar and gained on the Japanese yen even though today’s report showed that growth in the UK construction sector slowed. Yesterday, the currency performed worse even though economic data was far better.

Sterling Slides as Britain’s Growth Loses Momentum

The Great Britain pound fell today against its other major peers as Britain’s economic growth in the third quarter of this year was disappointing, reducing chances for an interest rate hike in the near future.

UK Pound Mostly Higher Against Major Counterparts

Although the UK pound is struggling against some currencies, like the Aussie and the kiwi, it is seeing some success against the dollar and the euro. However, some Forex traders are starting shift into wait and see mode with economic data set for release later this week and with talk of a “brexit” from the European Union being entertained.



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