Great Britain Pound News Archive

Pound Weakens After Former UK Treasury Adviser Declarations

The pound had a bad start this week after former U.K. Treasury adviser Roger Bootle said that a depression might be coming for the national economy as house prices decline.

Pound Falls on Pessimist Moody’s Declaration

The Moody’s Investors Service declarations that finances would be deteriorating in Britain brought the pound further down against the yen and the euro.

Pounds Weakens on Pessimism Regarding British Economy

The Confederation of British Industry is expecting the economy to contract even further than previous forecasts, such pessimism brought the pound to a one-week low against the greenback.

Pound Surges as Confidence Grows in Financial Markets

The increasing confidence in Prime Minister Gordon Brown helped the pound to rally to $1.50 for the first time in three months.

Currency Options Show Strongest Sentiment for GBP in 4 Years

Great Britain pound traders’ optimism, suggested by the currency options market, indicate that a strong bullish sentiment against the euro is currently active on the Forex market.

Pound Gains as House Prices Rise

The British pound rose today against the other major currencies as the house prices demonstrated growth for the first time since October 2007 in United Kingdom this March.

Pound Declines before Employment Report

The Great Britain pound declined against the other major currencies today on speculations that the employment report that is scheduled for the release today will show that the situation with labor market is worsening.

Pound Falls on HSBC’s Bad Loans

The British pound fell against all major currencies today on the concerns that the United Kingdom’s largest bank will have a disastrous time handling the bad loans of its United States unit.

Pound Bounces Up on Stock Market Growth

The British pound showed the first daily gain today after three consecutive losses against the U.S. dollar as the country’s stock market showed an unexpected growth.

British Pound Drops Before Reports

The Great Britain pound continued to fall against the other major currencies today as the traders expect the negative results from the jobs and inflation reports today.

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