Great Britain — News Archive

Sterling Rallies After Inflation Report

The Great Britain pound soared against its most-traded counterparts today after the release of the Inflation Report from the Bank of England. The sterling fell versus the Japanese yen but bounced and almost erased losses by the end of Thursday’s trading.

GBP Steady vs. USD, Rallies vs. JPY

The Great Britain pound was steady against the US dollar but rallied versus the Japanese yen together with most other major currencies today even though macroeconomic indicators from the United Kingdom missed analysts’ projections, highlighting difficulties that the British economy is experiencing.

Pound Stronger as Bank of England Makes No Move

The Great Britain pound was stronger today after the Bank of England performed no action during its monetary policy meeting. While the sterling did not manage to rise against all major peers, it gained on the safe currencies — the US dollar and the Japanese yen.

Yet Another Positive PMI Report Supports Sterling

The Great Britain pound ticked up today after yet another positive PMI report from the United Kingdom. The gains were relatively small compared to the yesterday’s rally as traders are cautious ahead of tomorrow’s policy decision of the UK central bank.

Great Britain Pound Bounces as UK Construction PMI Rises

The Great Britain pound gained against the US dollar and erased previous losses versus the Japanese yen today. The currency gained ground after a report showed that growth of the UK construction sector accelerated last month unexpectedly.

Sterling Unable to Keep Gains

The Great Britain pound attempted to rally today as the manufacturing Purchasing Managers’ Index rose but the currency was unable to hold onto gains and retreated below the opening level as of now.

Pound Mixed After Thursday’s Data

The Great Britain pound was mixed after today’s economic data from the United Kingdom. The currency was stable against the US dollar, fell versus the euro and rose versus the Japanese yen.

Pound Drops After GDP Disappoints, Resilient vs. Dollar

The Great Britain pound fell against some of its major counterparts today as economic growth of the United Kingdom disappointed market participants. Surprisingly enough, the sterling was able to gain on the US dollar.

GBP Highest Since 2008 vs. EUR, Weakest Since 2013 vs. USD

The euro jumped to the highest level since February 2008 against the euro today with the help of surprisingly good retail sales in the United Kingdom as well as yesterday’s monetary policy announcement from the European Central Bank. At the same time, the sterling dropped to the lowest level since July 2013 versus the US dollar.

Pound Drops as BoE Minutes Show Unanimous Vote

The Great Britain pound sank today after the Bank of England released minutes of its latest policy meeting, revealing that voting for stable interest rates was unanimous.

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