Pound — News Archive

Deflation Sends the UK Pound Lower

After showing strength on the heels of the recent election in the United Kingdom, the pound is now weakening. The latest inflation data is in, and it appears that deflation is affecting the sterling.

Great Britain Pound Falls vs. Dollar, Retains Strength vs. Other Majors

The Great Britain pound pulled back from the six-month high against the US dollar as the greenback made a bounce. Still, the UK currency gained against other majors, including the euro.

Pound Retains Strong Upward Momentum

The Great Britain pound extended its move upward today, rising to the highest level since November against the US dollar and gaining versus the Japanese yen. Today’s economic data was supportive for the currency while yesterday’s news was not so much.

Sterling Remains Strongest with Help of Positive Data

The Great Britain pound continued to rally to new highs today, following yesterday’s strong performance, thanks to the positive macroeconomic data from the United Kingdom. In fact, the sterling is the strongest major currency so far this week.

Pound Stronger After BoE Refrains from Action Again

The Great Britain pound rallied today against its major rivals following the decision by the Bank of England to leave its monetary policy unchanged. Such decision was widely expected as the central bank did not make any changes to the policy since 2009.

Conservative Win Propels UK Pound Higher

UK pound is surging today, thanks to the probable win for the Conservatives. It looks as though David Cameron is likely to remain Prime Minister, and that is leading to strong support for the sterling across the board.

US Dollar Continues to Struggle After Disappointing Trade Data

US dollar continues to struggle today, thanks to yesterday’s release of disappointing trade data. Economic reports are dampening hopes for an interest rate hike from the Federal Reserve, and that is weighing on the greenback in Forex trading.

Great Britain Pound Logs Gains After Economic Data

The Great Britain pound rallied today, reaching the strongest level in a month versus the US dollar, as macroeconomic data from the United Kingdom was relatively positive. The softness of the US currency added to the upside momentum of the sterling.

Euro Struggles Against Its Major Counterparts as Traders Wait for News

Euro is struggling against its major counterparts today as Forex traders wait for news out of the United States. Many are waiting to see what the Federal Reserve will announce about policy going forward, as well as weighing recent events in the eurozone.

UK Economic Growth Drops Sharply, Sterling Under Pressure

Today’s data from Great Britain revealed that the nation’s economy grew two times less than was predicted by experts. The pound dropped sharply as a result on the news. The currency managed to bounce against the US dollar but remained below the opening level versus the euro (though the sterling is attempting to recover currently).

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