The Great Britain pound sank to the lowest level since March against the US dollar today. The currency was also weak against other majors, even the Japanese yen, against which the sterling has rallied earlier.
August 21st, 2014 at 12:09
The Great Britain pound fell a bit today after retail sales missed forecasts, reinvigorating concerns about Britain’s economic growth. The losses were limited though, and the sterling managed to gain ground as the monetary policy outlook supported the currency.
August 20th, 2014 at 13:36
Monetary policy minutes of the latest Bank of England meeting revealed that two policy makers were in favor of raising interest rates. This caused the Great Britain pound to gain against its major counterparts.
August 18th, 2014 at 18:40
The Great Britain pound rose today after Bank of England Governor Mark Carney said over the weekend that the central bank may start raising interest rates before actual wage growth kicks in.
July 29th, 2014 at 23:03
Macroeconomic data from Great Britain was positive today, but this did not help the pound. The currency was flat against some of its major counterparts, including the euro and the Japanese yen, and dropped versus the US dollar.
July 24th, 2014 at 22:08
The Great Britain pound retained its weakness against the US dollar today, following yesterday’s losses and touching the lowest level in a month. Against the Japanese yen, the sterling continued to trade sideways.
July 22nd, 2014 at 4:44
The Great Britain pound showed resilience despite negative domestic data. The currency held steady today after a small drop against the US dollar and the euro yesterday. The sterling even managed to rise against the Japanese yen.
July 17th, 2014 at 2:17
The Great Britain pound was little changed today after reaching the highest level since August 2012 against the euro yesterday. The sterling was flat against the US dollar and retreated a bit versus the Japanese yen.
July 11th, 2014 at 21:06
The Great Britain pound slid against most of its major peers today as Forex market participants are becoming increasingly concerned that growth momentum of the UK economy is waning, making the sterling less attractive as an investment vehicle.
July 10th, 2014 at 21:13
Poor economic data was weighing on the Great Britain pound recently, and today’s trading session was not different. Housing and trade data came out worse than was expected, suggesting the Britain’s recovery is losing steam. The Bank of England remained passive at today’s policy meeting.