The Great Britain pound was moving basically sideways since the middle of September. Can the sterling break from the range or sideways trading will persist in the future?
The Great Britain pound ended Friday weaker against the US dollar and the euro, but managed to rise against the Japanese yen. The currency was able to keep its weekly gains against other most-traded currencies, including the greenback.
November 08th, 2013 at 15:22
Euro is struggling against the US dollar today, heading lower as the economic situation in the eurozone raises questions. Euro is also barely holding its own against the UK pound, struggling as it moves between gains and losses today. Between the ECB rate cut yesterday and the downgrade to France’s credit rating, there is a lot weighing on the 17-nation currency right now.
November 07th, 2013 at 16:54
The Great Britain pound fell today after the Bank of England kept its benchmark interest rate and the size of asset purchases unchanged. The currency erased its previous advance versus the Japanese yen, but trimmed losses versus the US dollar.
November 06th, 2013 at 23:11
The Great Britain pound rose against the US dollar and the Japanese yen today as macroeconomic data supported the view that the Bank of England will not cut interest rates on tomorrow’s policy meeting. The sterling fell against the euro, which was supported by domestic data too.
November 05th, 2013 at 15:37
UK pound is heading higher today, gaining as better news comes in from a number of quarters. The housing market seems to picking up, with home prices rising. Additionally, a new economic forecast indicates that the UK economy is likely to grow more than expected in coming months.
November 01st, 2013 at 21:54
The Great Britain pound dropped today as UK manufacturing expanded last month less that was expected, while speculations about Dectaper continued to plague the Forex market. The currency also erased today’s gains versus the euro.
October 31st, 2013 at 12:41
The Great Britain pound dropped versus the Japanese yen today with the decline of consumer confidence, but erased losses versus the US dollar after the positive report about house prices.
October 30th, 2013 at 5:03
The Great Britain pound remained soft today, falling for the whole week so far, but may yet rally in the near future as economic recovery can potentially encourage the central bank to review its monetary policy sooner than was previously expected.
October 29th, 2013 at 1:01
The Great Britain pound was falling even as UK macroeconomic data was mostly good. Yesterday’s data about high street sales was not that encouraging though and it might have contributed to the weakness of the sterling.