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

Sterling Leaps After Carney Talks About Higher Interest Rates

The Great Britain pound surged against its major rivals today after comments of the nation’s central bank head Mark Carney who spoke about higher interest rates. On the negative side, today’s economic data from the United Kingdom was somewhat soft.

Pound Rallies, Boosted by UK Data & Market Sentiment

The Great Britain pound rallied today, getting help both from domestic macroeconomic reports and the positive general market sentiment. The currency jumped almost 2 percent against the Japanese yen.

Pound Gains After BoE Makes Policy Announcement

The Great Britain pound edged higher against the US dollar and the Japanese yen today after the Bank of England announced that it is leaving its monetary policy unchanged. The sterling’s gains versus the greenback were limited while the rally versus the yen was rather substantial.

Pound Ends Friday with Losses, Erasing Earlier Rally

The Great Britain pound dropped by the end of Friday’s trading following the rally earlier during the session. The rally was caused by the better-than-expected data about the UK services sector.

GBP Lower vs. USD & JPY, Higher vs. EUR After Mixed Data

The Great Britain pound edged a little lower against the US dollar and the Japanese yen but gained on the euro today after the release of macroeconomic data from the United Kingdom. The reports were mixed, providing no clear direction for the currency.

UK Pound Mostly Rangebound Today

UK pound is mostly rangebound today, thanks to a lack of new data. Additionally, a recent speech from David Cameron has many speculating about the United Kingdom’s relationship to the European Union.

Pound Steady vs. Dollar, Lower vs. Yen After Retail Sales Survey

The Great Britain pound was little changed against the US dollar and fell versus the Japanese yen today as data showed that retail sales slowed in the United Kingdom this month.

Pound Gains on Dollar Ahead of US GDP Report

The Great Britain pound gained on the US dollar and was little changed against the euro today. Moves were limited as traders waited for data from the United States and the resolution of the Greek situation.

Pound Underperforms Despite Supportive Data

The Great Britain pound fell against the US dollar and was little changed versus the Japanese yen today even though the recent economic reports from the United Kingdom were positive and should have been supportive for the currency.

UK Pound Trades Mixed Against Other Major Currencies

UK pound is trading mixed today as the focus shifts away from the sterling and attention is given to other currencies and their situations.



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