Pound — News Archive

Sterling Unable to Keep Gains

The Great Britain pound attempted to rally today as the manufacturing Purchasing Managers’ Index rose but the currency was unable to hold onto gains and retreated below the opening level as of now.

Pound Mixed After Thursday’s Data

The Great Britain pound was mixed after today’s economic data from the United Kingdom. The currency was stable against the US dollar, fell versus the euro and rose versus the Japanese yen.

Pound Drops After GDP Disappoints, Resilient vs. Dollar

The Great Britain pound fell against some of its major counterparts today as economic growth of the United Kingdom disappointed market participants. Surprisingly enough, the sterling was able to gain on the US dollar.

Greenback Continues to Pull Back

Greenback is pulling back against its major counterparts today, heading lower with some correction in the market. Also sending the dollar lower are expectations that the recent dollar bubble might burst.

GBP Highest Since 2008 vs. EUR, Weakest Since 2013 vs. USD

The euro jumped to the highest level since February 2008 against the euro today with the help of surprisingly good retail sales in the United Kingdom as well as yesterday’s monetary policy announcement from the European Central Bank. At the same time, the sterling dropped to the lowest level since July 2013 versus the US dollar.

Loonie Remains Down Against Greenback

Loonie continues to fall against the greenback, even though oil is a little bit higher today. The Canadian dollar is doing better against European currencies, though.

Pound Drops as BoE Minutes Show Unanimous Vote

The Great Britain pound sank today after the Bank of England released minutes of its latest policy meeting, revealing that voting for stable interest rates was unanimous.

Euro drops on ECB bond purchase expectations

Euro continues to lose ground against the dollar and the pound as expectations of a bond purchase program become stronger. Many expect more quantitative easing from the European Central Bank, and that is weighing on the 19-nation currency.

Inflation Figures Send Pound Lower

Disappointing inflation figures are causing some trouble for the pound today. Sterling is lower against the dollar, and, while recovering against the euro and yen, is still trading somewhat choppily against other currencies.

Pound Rallies After HPI Report & BoE Meeting

The Great Britain pound rallied today following a positive report about house prices and the monetary policy decision made by the Bank of England. The currency dropped to the lowest level since July 2013 against the US dollar intraday but bounced to the opening level as of now.

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