November 03rd, 2011 at 14:10
In a surprise move today, the ECB announced a rate cut of 25 basis points. The cut to 1.25 percent, the first move by new ECB president Mario Draghi, surprised nearly everyone. The move has given the UK pound some strength against the euro, and provided the pound with some strength against other currencies as well.
October 26th, 2011 at 0:58
The Great Britain pound fluctuated against the safer currencies on the concerns about the stalling nation’s economy. The sterling performed better against the dollar and the yen, while was struggling against the franc.
October 19th, 2011 at 12:19
The Great Britain pound jumped today after the Bank of England monetary policy meeting minutes were released, showing that the central bank’s policy makers voted unanimously for the quantitative easing.
October 18th, 2011 at 14:05
UK pound is heading lower today in Forex trading against the US dollar on all the concerns about what’s next for the British economy. Right now, it appears that stagflation might be the name of the game.
October 09th, 2011 at 6:21
The Great Britain pound was falling this week before the Bank of England announced its decision to expand bond purchasing program, brightening the grim outlook for Britain’s economy.
October 07th, 2011 at 11:55
The Great Britain pound regained its strength today after yesterday’s decline as Forex traders looked at the Bank of England bonds purchasing program more favorably, regaining confidence in Britain’s currency.
October 06th, 2011 at 14:50
The Great Britain pound slumped today as the Bank of England held the main interest rates unchanged and expanded its bond purchase program today, signaling about weakness of the UK economy and debasing the nation’s currency.
October 05th, 2011 at 13:11
While, in America, the talk is all about the likelihood of QE3, in Britain, the Bank of England is mulling QE2. Indeed, this Thursday, when the interest rate decision is announced, many expect that an announcement of an increase in asset purchases will accompany it.
October 05th, 2011 at 12:08
The Great Britain pound retreated today as the government report showed Britain’s economy grew with slower pace than was previously estimated, fueling concerns the UK isn’t able to survive without additional stimulus.
September 28th, 2011 at 13:48
Earlier today, the UK pound was falling in Forex trading. A drop by the FTSE 100, as well as concerns about bank capitalization, were among the factors causing losses for the sterling. Now, though, things have turned around a bit — at least against some currencies. Concerns about the eurozone had been weighing on the sterling against the US dollar, but new prospects for stability in the euro region are helping the situation.
