Pound — News Archive

UK Pound Struggles at the Beginning of a Data-Heavy Week

UK pound is struggling today as a new week and a new month get underway. It’s expected to be a data-heavy week, and sterling is expected to be impacted. Right now, the UK pound is lower against its major counterparts.

Pound Remains Strong, Supported by Positive Data

The Great Britain pound was very strong during the Wednesday’s trading session after the release of yet another positive macroeconomic indicator from the United Kingdom. The sterling remains firm during early Thursday’s trading.

UK Pound Struggles with Speculation on Political Outcomes

UK pound is struggling today, heading lower against the dollar and the euro as the general elections are looked forward to, and as expectations of a rate hike from the Bank of England are pushed out toward the fourth quarter of 2015.

Unemployment Data Makes Great Britain Pound Stronger

Very positive employment report from the United Kingdom propelled the Great Britain pound higher. The currency demonstrated big gains, rising to the highest level in more than month and a half against the US dollar and the highest more than seven years versus the euro.

Sterling Shows Strength vs. Dollar for Third Week

The Great Britain pound was among the strongest currencies on the Forex market this week. The sterling gained 1.1 percent against the US dollar. It was the third consecutive weekly advance versus the greenback as well as against the Japanese yen.

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.

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