Pound — News Archive

Higher Stocks Help UK Pound

UK pound has been ailing recently, and the gains for stocks today are helping remedy that — at least for now. Concerns about the UK economy are on the rise, so the sterling’s gains today may not last.

Dollar Builds on Gains Against European Currencies

Once again, expected policy divergence is taking its toll on European currencies. The US dollar is gaining ground today, with dollar index heading higher and greenback making gains against its high beta counterparts in Europe.

Euro Mostly Lower as Germany Cuts Growth Forecast

Euro is losing ground against some of its counterparts as the latest economic data is released throughout the 18-nation currency zone. Even though Germany’s CPI reading met expectations, the country had to slash its growth forecast.

Sterling Continues to Struggle Against Counterparts

UK pound continues to struggle against its major counterparts today, performing mostly lower across the board. Inflation data is a big part of the problem for the sterling today, with concerns about the economy starting to creep back in.

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.

UK Pound Gains Ground Today

After struggling recently, the UK pound is gaining a little ground today. Recently released data is helping the sterling, especially as the economic divergence between the United Kingdom and the eurozone remains pronounced.

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.

Manufacturing Data Boosts Pound Against Euro

UK pound is heading higher against the euro today, even though it is down against its low-beta counterparts, the dollar and then yen. Economic divergence is one of the reasons that the pound is doing so well against the euro today.

Pound Struggles a Bit on Economic Data

UK pound is struggling a bit against some of its major counterparts today, thanks largely to recent economic data. While the pound is higher against the dollar right now, it is down against the euro and the yen.

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