Pound — News Archive

Detrimental Fundamentals Don’t Deter Pound from Rising

Lately, macroeconomic fundamentals were detrimental to the Great Britain pound, but that did not prevent the currency from ending Friday with gains. In fact, the sterling reached the highest level since September 2008 against the Japanese yen.

Even Trade Data Can’t Help UK Pound

UK pound is still struggling, even after the release of positive trade data. Concerns about a possible exit from the European Union are causing concern for the sterling.

Sterling Drops vs. Dollar, Fares Better vs. Other Majors

As most other currencies, the Great Britain pound fell against the US dollar today after the release of non-farm payrolls. The sterling fared better against other majors, including the euro.

Pound Overcomes Service Data Drag

Service sector data sent the pound a little lower earlier, but now the sterling is overcoming some of that drag. Pound is still down against the euro, but it is gaining against other major currencies like the yen and the dollar.

Pound Rallies After Construction PMI, Struggles to Keep Gains

The Great Britain pound rose today as Britain’s construction Purchasing Managers’ Index climbed last month, exceeding analysts’ expectations. The rally was not big, though, and the currency is struggling to keep its gains.

UK GDP Growth Gets No Revision, Pound Drops

The Great Britain pound dropped against the US dollar and almost erased its gains against the Japanese yen today even though economic data from the United Kingdom was good for the most part.

Pound Rally Slows in Forex Trading

The pound has enjoyed a rally recently, but that rally is slowing right now. Sterling is trading mixed today against its major counterparts.

Pound Heads to Weekly Gains Despite Friday’s Drop

The Great Britain pound fell today despite better-than-expected macroeconomic data from the United Kingdom. Still, the currency was heading to a weekly gain against the euro and the Japanese yen, though it likely to end the week with losses against the US dollar.

Pound Higher After BoE Minutes

The Bank of England released minutes of its May policy meeting during the current trading session. While the Great Britain pound has been flat against the US dollar after the release, the currency gained on its other major rivals, including the euro and the Japanese yen.

Pound Slumps as Great Britain Enters Deflation

The Great Britain pound tumbled today as the United Kingdom has entered deflation for the first time in more than 50 years. The currency had been moving mostly sideways ahead of the report.

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