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 Drops After Carney’s Comments

The Great Britain pound tumbled today, reaching the lowest level since June 2010 against the US dollar, after the central bank’s chief signaled that the planned interest rate hike will likely be postponed.

UK Production Output Disappoints, Sterling Unfazed

The Great Britain was flat against the US dollar today after economic data from the United Kingdom did not match expectations, being weaker than it was forecast. At the same time, the sterling managed to rally against some other major currencies, including the euro.

UK Pound Trades Mostly Lower – But Higher Against Euro

UK pound is trading mostly lower today, but it is moving higher against the euro. Sterling is down against many of its major counterparts, but is gaining ground against the euro as concerns about Greece continue to weigh on the 19-nation currency.

UK Pound Continues to Struggle After BOE Meeting

UK pound is still struggling, thanks in large part to concerns over the low inflation rate. Bank of England policymakers left matters unchanged at its most recent meeting, and sterling is lower against many of its counterparts.

BoE Provides No Surprises, GBP Higher vs. JPY, Lower vs. USD

The Bank of England provided no surprise to the Forex market at today’s meeting, keeping its monetary policy unchanged. The Great Britain pound gained on the Japanese yen after the news but was unable to beat the US dollar.

UK Pound Struggles at the Beginning of a Data-Heavy Week

UK pound is struggling today as a new week and a new month get underway. It’s expected to be a data-heavy week, and sterling is expected to be impacted. Right now, the UK pound is lower against its major counterparts.

Pound Remains Strong, Supported by Positive Data

The Great Britain pound was very strong during the Wednesday’s trading session after the release of yet another positive macroeconomic indicator from the United Kingdom. The sterling remains firm during early Thursday’s trading.

UK Pound Struggles with Speculation on Political Outcomes

UK pound is struggling today, heading lower against the dollar and the euro as the general elections are looked forward to, and as expectations of a rate hike from the Bank of England are pushed out toward the fourth quarter of 2015.

Unemployment Data Makes Great Britain Pound Stronger

Very positive employment report from the United Kingdom propelled the Great Britain pound higher. The currency demonstrated big gains, rising to the highest level in more than month and a half against the US dollar and the highest more than seven years versus the euro.

Sterling Shows Strength vs. Dollar for Third Week

The Great Britain pound was among the strongest currencies on the Forex market this week. The sterling gained 1.1 percent against the US dollar. It was the third consecutive weekly advance versus the greenback as well as against the Japanese yen.

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