Pound — News Archive

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.

GBP/USD Drops to New Low on Services PMI

The Great Britain pound dropped today, reaching a new low versus the US dollar, as the UK services sector demonstrated weakest growth in more than a year and a half.

Euro Continues to Struggle

Euro continues to struggle today, although it is off recent lows. Concerns about the eurozone, as well as continued low oil prices are weighing on the 19-nation currency region.

Pound Drops to Lowest Since August 2013 vs. Dollar

The Great Britain pound sank today, reaching the lowest level since August 2013 against the US dollar, as UK manufacturing slowed unexpectedly by the end of the year. The data suggested that the nation’s central bank will not be in a hurry to start raising interest rates.

Pound Gains vs. Dollar, Retreats vs. Yen

The Great Britain pound gained today against the US dollar on the back of relatively positive housing data. Gains were limited though, and the currency dropped versus the Japanese yen.

UK Pound Loses Ground After Confidence Report

After a good day yesterday, the UK pound is losing ground today. The latest consumer confidence report has been released and morale is down, brining the sterling down with it.

Pound Mixed Following Poor Economic Data

The Great Britain pound was mixed today following yesterday’s surprisingly strong performance. The sterling was resilient during the previous trading session even though macroeconomic data from the United Kingdom was disappointing.

Pound Drops as House Prices Demonstrate Record Drop

The Great Britain pound declined today as house prices demonstrated a record drop this month. The unfavorable data added to concerns that Britain’s economic recovery is struggling.

UK Pound Gains Some Ground

It’s been a bit of a rough go for the UK pound recently, but the sterling is currently gaining some ground on the Forex market. While trading mixed today, sterling is a little higher against the euro and the US dollar.

US Dollar Mostly Lower on Profit Taking and Consolidation

Greenback is losing ground today, thanks in large part to profit taking and consolidation going on right now. At the end of last week, good economic news sent the US dollar soaring, but now it seems as though Forex traders are ready to take a step back and consolidate their positions.

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