The Great Britain pound was not performing particularly well this year, trading in a range, but with a downside bias. Last week, the currency started with a loss, but managed to bounce by the weekend, closing flat. This week may be very important in deciding the future of sterling.
February 06th, 2014 at 14:23
The US dollar index is lower for now, but more support for the greenback might be in the future. For now, the dollar is lower against the euro, as well as the yen, but it could find support if the economic situations in the eurozone and the United Kingdom don’t improve anytime soon.
February 06th, 2014 at 12:25
The Great Britain pound traded sideways today, and the Bank of England provided the currency little help in finding direction as it has left the monetary policy unchanged, in line with traders’ expectations.
February 05th, 2014 at 12:40
The Great Britain pound dropped today due to surprisingly disappointing data from the United Kingdom. The services index unexpectedly fell and shop prices demonstrated deflation for the ninth month in a row.
February 03rd, 2014 at 16:18
UK economic data has once again missed forecasts, and that is causing a drop for the pound against nearly all of its major counterparts. Pound is struggling today as traders become concerned that Bank of England policymakers will keep interest rates lower for an extended period of time. The disappointing data overwhelmed the news that home prices rose in January.
January 31st, 2014 at 11:20
The Great Britain pound dropped today as the mood of Forex traders turned sour and they preferred to stick to safer currencies. Even improving confidence of Britons was not able to help the sterling.
January 29th, 2014 at 9:39
The Great Britain pound ticked up today as a report confirmed that Britain’s housing sector continues to expand, albeit with slower pace. The sterling was heading for a third straight session of gains against the Japanese yen, but has retreated at the present time.
UK pound is gaining ground today, even after a data disappointment. The latest GDP reading from the United Kingdom indicates that growth is moving at a slower rate than expected, and that is having an impact on the sterling. However, even with the data disappointment, the pound is still higher against its major counterparts today.
January 24th, 2014 at 21:41
The Great Britain pound sank today as Bank of England Governor Mark Carney said that interest rates would not be raised prematurely and that the strong currency may be detrimental to economic growth.
January 22nd, 2014 at 14:10
UK pound is moving higher today, surging ahead of its major counterparts on the latest unemployment report. As the unemployment rate fell to its lowest level in five years, there are expectations that the Bank of England will consider cutting back on its asset purchase program.