Pound — News Archive

Pound Under Pressure as UK Recovery Wanes

Poor economic data was weighing on the Great Britain pound recently, and today’s trading session was not different. Housing and trade data came out worse than was expected, suggesting the Britain’s recovery is losing steam. The Bank of England remained passive at today’s policy meeting.

Pound Stays Strong, Endangering UK Economy

The Great Britain pound fell at the first half of today’s trading session as another set of poor economic indicators was released. Yet the currency managed to bounce in the second half, trimming its losses against the euro and gaining on the US dollar and the Japanese yen.

Unexpectedly Poor Data Makes GBP Soft, Currency Shows Resilience

The Great Britain pound turned down today as economic indicators came out much worse than was expected, prompting the British Chamber of Commerce to talk about necessity for the Monetary Policy Committee to delay interest rate increases. The currency recovered against some of its peers, including the US dollar and the euro, but remained soft versus the Japanese yen.

Short-Term Forecast for UK Pound Ahead of BoE Meeting

The Great Britain pound has been a remarkable performer on the Forex market recently but lost its upward momentum during the end of the last week. Will the currency be able to resume its thrust to the upside or the period of strength has come to an end?

UK Pound Struggles as Rally Fades

UK pound is struggling today, heading lower against many of its major counterparts, as the recent rally fades. Expectations that the Bank of England would be among the first to start boosting rates again have helped strengthen the pound, but the situation has leveled out and the pound is lower.

Economic Data Helps Pound Against Euro

The pound may be retreating a bit against some of its counterparts, but sterling is seeing solid support against the euro today. Thanks to the latest round of economic data, pound is gaining against the euro, even though it is down against currencies like the yen and the dollar.

Sterling Under Pressure from Services PMI, Maintain Bullishness

The Great Britain pound fell against the US dollar today after the gauge of the services sector fell more than was expected. The sterling is still trading near the highest level since 2008 and was able to maintain its gains versus the Japanese yen.

GBP/USD Reaches Highest Since 2008 on Construction PMI

The Great Britain pound advanced today with help of an unexpectedly positive construction report. The sterling retreated to the opening level against the US dollar as of now but only after reaching the highest level since October 2008 against the US currency.

Euro Continues to See Modest Gains

Even though confidence measures show a decline, the euro continues to see modest gains against some of its major counterparts. The world situation continues to support the safety of the yen, but the euro is higher against the dollar and the pound today.

BoE Mortgage Limits Do Not Threaten UK Economy, GBP Gains

The Great Britain pound gained today as experts speculated that the measures, introduced by the central bank to reduce the number of riskier mortgages, will not derail economic recovery of the United Kingdom.

Archives

SUBSCRIBE

Follow Top Forex News on Google+ G+