Great Britain — News Archive

Economic Data Doesn’t Support Britain’s Pound

Economic news from the United Kingdom were good for the most part today, but it did not prevent the Great Britain pound from dropping and reaching the lowest level in a month against the Japanese yen.

Pound Higher After BoE Meeting

The Bank of England made no surprise, keeping its monetary policy on hold. Yet the Great Britain pound was still able to trim its losses versus the Japanese yen as well as to keep rallying against the US dollar.

Sterling Joins Rally After Fed Drives Dollar Lower

The Great Britain pound was falling earlier today as economic data from the United Kingdom was mixed, but the sterling joined the rally together with other currencies after the minutes of the Federal Reserve policy meeting led to the drop of the US dollar.

Poor Services PMI Doesn’t Add to Already Bearish Bias of GBP

Today’s report about UK services sector was rather negative, but it hardly affected the Great Britain pound that had already declined versus the US dollar and had retreated from the daily high against the Japanese yen.

UK Pound Unable to Keep Gains

The Great Britain pound attempted to rally today after a positive report about the construction sector but was unable to hold onto gains, falling to the lowest level in three weeks against the US dollar.

Referendum Week Turns Positive for Sterling

The Great Britain pound demonstrated solid performance this week as traders were betting on Scotland staying in the United Kingdom after the referendum about independence. Another important event this week was the Federal Reserve policy meeting that gave boost to the US dollar.

Scotland Rejects Independence, Pound Erases Gains

The Great Britain pound wiped out its earlier gains after the results of a referendum showed that people of Scotland decided to remain in the United Kingdom. The currency was rising previously as traders were counting exactly on this outcome.

Sterling Jumps on Speculations Scotland Will Remain in UK

The Great Britain pound demonstrated solid gains at the previous trading session as well as at the current session, though retreated a bit from today’s highs. The currency was lifted by speculations that Scotland will remain a part of the United Kingdom after yesterday’s referendum.

Pound Bounces, Remains Under Pressure

The Great Britain pound ticked up today but remained under pressure from the upcoming referendum about Scotland’s independence and the monetary policy outlook that is not particularly supportive for the currency.

Sterling Attempts to Gain Ground After BoE

The Great Britain pound experienced weakness today but halted its decline and attempted to gain ground after the Bank of England decided to keep its monetary policy unchanged.

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