Pound — News Archive

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.

UK Pound Pulls Back After Yesterday’s M&A Fueled Surge

UK pound is pulling back today after its surging performance yesterday. News of a major energy merger helped the sterling yesterday, and today the currency is consolidating a bit as Forex traders consider the situation and focus on Fed minutes.

UK Services Data Helps Pound in Forex Trading

UK services data is helping the pound today. Sterling is gaining ground against the euro and the yen, and holding its ground against the US dollar.

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.

Pound Steady, Set to Close Week Second Weakest

The Great Britain pound was relatively steady against the dollar today, rising versus the Japanese yen at the same time. Still, the sterling is set to close the week as the second weakest currency following the dollar.

Sterling Loses Support from Interest Rate Hike Expectations

Today’s employment data from the United Kingdom and the minutes of the latest Bank of England’s policy meeting suggested that there likely will not be an interest rate hike in the near future. Hopes for monetary tightening were a key component for the strength of the Great Britain pound, and the currency has been weakening as chances for an early rate hike were waning.

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