Pound — News Archive

Manufacturing Data Helps UK Pound

Manufacturing data is providing a boost for the UK pound today. After seeing days of poor performance, the sterling is getting a little help from economic data.

Pound Trades Mixed to Lower Following Rally

The Great Britain pound was little changed at the start of the current trading session, edging a little lower against the euro and the Japanese yen. The currency rallied yesterday due to better-than-expected retail sales.

BOE Minutes Help UK Pound

The latest minutes from the Bank of England are helping the UK pound today. The minutes seem to indicate that some members of the Monetary Policy Committee are getting nervous about inflation, and some think that could mean that the BOE is ready to take action that could support the sterling.

Pound Remains Extremely Bearish

The Great Britain pound fell today against other majors, including the US dollar and the euro. The currency also failed to rise against the Japanese yen, retreating to the opening level after the earlier rally.

Loonie Trades Mixed, but Higher Against the US Dollar

Canadian dollar is trading mixed today, but is higher against the US dollar. With oil prices recovering a bit, and with the greenback pulling back a little after its recent run, the loonie is pressing its advantage.

Pound Drops vs. Dollar, Gains on Euro

The Great Britain pound fell against the US dollar during the current trading session as today’s data showed decline of UK house prices. The general risk-off market sentiment was not helping the currency to hold ground against the greenback though it allowed the sterling to outperform the euro.

US Dollar Mostly Higher After Wild Morning

US dollar is mostly higher after a wild morning in Forex trading. While greenback spiked against the yen earlier, the dollar is now down against its Japanese counterpart. However, the US dollar is higher against European currencies and against the Canadian dollar.

Sterling Set to Close Much Lower on the Week

UK pound continues to struggle in currency trading, and this week looks to end on a low note. Even with signs that the economy could be improving, the sterling is still down against its major counterparts.

US Dollar Surges Higher Overnight

US dollar is heading higher, gaining ground in overnight trading and recovering after recent losses. The greenback is showing strength as other currencies, notably the pound and the yen, show weakness. There is not a lot to stop the US dollar right now, with uncertainties about geopolitical outcomes, and the fact that the US economy remains on the road to recovery, even as other economies fall behind.

Canadian Dollar Holds to Gains

Canadian dollar is holding to gains made yesterday, following the announcement of positive employment news. Loonie is managing to hold its own a bit better now that oil prices seem to have stabilized somewhat, and with economic data remaining fairly positive.

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