Great Britain — News Archive

Unexpectedly Poor Data Makes GBP Soft, Currency Shows Resilience

The Great Britain pound turned down today as economic indicators came out much worse than was expected, prompting the British Chamber of Commerce to talk about necessity for the Monetary Policy Committee to delay interest rate increases. The currency recovered against some of its peers, including the US dollar and the euro, but remained soft versus the Japanese yen.

Short-Term Forecast for UK Pound Ahead of BoE Meeting

The Great Britain pound has been a remarkable performer on the Forex market recently but lost its upward momentum during the end of the last week. Will the currency be able to resume its thrust to the upside or the period of strength has come to an end?

Sterling Under Pressure from Services PMI, Maintain Bullishness

The Great Britain pound fell against the US dollar today after the gauge of the services sector fell more than was expected. The sterling is still trading near the highest level since 2008 and was able to maintain its gains versus the Japanese yen.

GBP/USD Reaches Highest Since 2008 on Construction PMI

The Great Britain pound advanced today with help of an unexpectedly positive construction report. The sterling retreated to the opening level against the US dollar as of now but only after reaching the highest level since October 2008 against the US currency.

BoE Mortgage Limits Do Not Threaten UK Economy, GBP Gains

The Great Britain pound gained today as experts speculated that the measures, introduced by the central bank to reduce the number of riskier mortgages, will not derail economic recovery of the United Kingdom.

GBP Flat, Retains Downside Bias on High Street Sales

The Great Britain pound was little changed today. The currency is likely to retain its downside bias after the central bank’s chief shocked the market, suggesting that monetary tightening is not going to happen soon, and UK economic data was not supportive for the sterling.

Pound Drops, Driven by Dovish Comments from Carney

The Great Britain pound dropped today against the majority of most-traded currencies as UK policy makers tempered bets on interest rate hikes in near future by their dovish comments. Market participants, who have thought that central bank will tighten monetary policy soon, were unprepared for this.

BoE Interest Rate Outlook Overshadows UK Economic Data

The Great Britain pound advanced today, rising to the highest level since October 2008 against the US dollar, bolstered by speculations that the Bank of England will raise interest rates sooner than was expected. The interest rate outlook offset the negative impact of today’s economic data on the currency.

GBP Falls vs. USD on Disappointing CPI, Holds Ground vs. JPY

The Great Britain pound fell against the US dollar today as UK inflation slowed last month, missing analysts’ expectations. The currency managed to trim its losses and was able to gain on the Japanese yen.

Pound Backs Off After Reaching Multi-Year Highs

The Great Britain pound fell against the US dollar and rose versus the Japanese yen at the current trading session, reversing its Monday’s movement. The sterling also continued to fall versus the euro. This does not necessarily mean that the UK currency lost its bullish momentum as it reached multi-year highs at the previous trading session.

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