Great Britain — News Archive

Pound Recovers After Poor Start of Week

The Great Britain pound has started the week on soft note but recovered as of now, gaining against other major peers. The currency demonstrated especially big gains against the Japanese yen.

Pound Rallies Against Peers

The Great Britain pound rallied against its major peers today, extending the upward move that has started at the beginning of the last week. The currency rose even though yesterday’s economic data from the United Kingdom was rather negative.

Pound Leaps After BoE Releases Policy Minutes

The Great Britain pound was exceptionally strong on Wednesday after the release of the Bank of England policy minutes. The report was considered to be more hawkish than markets were counting on, leading to a surge of the sterling against other currencies.

Pound Loses Steam as Consumer Inflation Remains Absent

The Great Britain pound fell today following the release of inflation data from the United Kingdom. The report showed that UK consumer prices remained flat during the previous month.

Sterling Retains Monday’s Gains vs. Dollar

The Great Britain pound rallied on Monday but retreated a bit against the euro and Japanese yen today. At the same time, the currency retained its gains versus the US dollar with the help of a positive retail sales report.

GBP/USD Hits Lowest Since June 2010

The Great Britain pound fell today, touching the lowest level since June 2010 against the US dollar, as underwhelming economic data from the United Kingdom added to the downside pressure on the currency.

Great Britain Pound Retains Weakness vs. Dollar & Yen

The Great Britain pound sank yesterday after the Bank of England made no changes to its monetary policy and UK economic data came out mixed. While the sterling erased its losses versus the euro today, the currency retained its weakness versus the US dollar and the Japanese yen.

Great Britain Pound Gets Lift from Positive Revision to GDP

The Great Britain pound was lifted by the positive revision to UK gross domestic product. With little positive news for the currency lately, it was enough to help the sterling gain even on the strong dollar, let alone on the very vulnerable euro.

Pound Rallies vs. Dollar, Unable to Beat Other Currencies

The Great Britain pound rallied against the US dollar today as UK retail sales exceeded analysts’ expectations. The sterling’s performance against other currencies was not so good, and Britain’s currency touched the lowest level in almost two months against the Japanese yen.

No Inflation in Great Britain, Pound Slides

The Great Britain pound dropped after an official report showed that consumer prices in the United Kingdom were unchanged from the previous year. The data weighed on the currency, sending it into the second consecutive daily decline.

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