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 Soft Even as Carney Talks About Tightening

The Great Britain pound was very soft against its major rivals on Monday. The currency demonstrated unimpressive performance even though the head of the nation’s central bank confirmed during the weekend that policy makers still plan to tighten monetary policy down the road.

Pound Extends Decline for Third Session

The Great Britain pound extended its drop for the third straight day against the US dollar during the Friday’s trading session. The currency found little support from domestic macroeconomic data even though indicators were rather good.

Retail Sales Weigh on UK Pound

The latest retail sales data out of the United Kingdom has disappointed analysts and the pound is heading lower as a result. Concerns that the Bank of England won’t be ready to tighten monetary policy are weighing on the sterling.

Pound Rises as Data Shows Growth of Consumer Prices

The Great Britain pound demonstrated a big jump today, touching the highest level in a month and a half following the release of inflation data. The report showed that consumer prices rose last month, albeit just marginally.

Sterling Suffers from Falling House Prices in United Kingdom

The Great Britain pound was hurt by today’s economic data that showed a decline of house prices in the United Kingdom this month. Yet not all the news was negative for the currency.

Higher Home Prices Help UK Pound Against Euro

Higher home prices are helping the UK pound against the euro today. Even though the pound is down against the dollar and the yen, it is finding success against the euro.

Lower Construction Data Doesn’t Do Much to Disrupt Sterling

Sterling is a little lower against the euro today, following lower construction data. However, the pound is quickly overcoming some of its losses and the overall strengthening trend for the currency doesn’t appear to be very diminished.

Interest Rate Expectations Help UK Pound

UK pound is heading higher today, thanks in part to expectations that a rate increase from the Bank of England could be coming by the end of 2015 or around the beginning of 2016. With growth accelerating in the United Kingdom, expectations for the pound are growing.

Pound Rises After UK Growth Accelerates

The Great Britain pound edged higher today after the release of UK economic data that showed that United Kingdom’s growth accelerated last quarter.

Great Britain Pound Vulnerable, Manages to Beat US Dollar

The Great Britain pound was somewhat vulnerable today, losing to the euro and falling versus the Japanese yen a bit. At the same time, the sterling managed to rally against the US dollar that has been in retreat during the Monday’s trading session.



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