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.
Royal Institution of Chartered Surveyors — News Archive
January 16th, 2014 at 14:48
UK home prices declined in December, once again calling into question the situation surrounding the economic recovery. Pound is lower today as a result of this disappointing news.
December 10th, 2013 at 19:45
Today’s macroeconomic data from Great Britain was mixed (though without any really bad reports), leading to the rally of the pound versus the US dollar and the drop against the euro and the Japanese yen.
November 12th, 2013 at 10:01
The Great Britain pound tumbled today as today’s macroeconomic releases were disappointing, especially to those who were bullish on the currency. Most importantly, inflation slowed more than was expected.
October 08th, 2013 at 11:54
The Great Britain pound erased its losses versus the US dollar and rose against the Japanese yen as positive macroeconomic data revived optimism for recovery in the United Kingdom.
August 14th, 2013 at 5:32
The Great Britain pound was flat today after rising against the euro and the Japanese yen yesterday. The rally was caused by yet another set of good reports that confirmed the relatively healthy state of the UK economy.
June 11th, 2013 at 21:15
UK fundamentals were mixed today, resulting in no clear trend for the Great Britain pound. The currency rose against the US dollar, fell versus the Japanese yen and was little changed against the euro.
May 14th, 2013 at 12:43
The Great Britain pound declined today even though macroeconomic data from the United Kingdom was encouraging. The housing market looked particularly good as demand for property rose to its highest level in over three years.
December 14th, 2012 at 21:48
The Great Britain pound advanced today, rising for the fourth straight session versus the Japanese yen, as this week’s macroeconomic data suggested that the UK economy is recovering from the recession. The currency declined against the euro.
December 11th, 2012 at 10:26
The Great Britain pound was trading sideways and is currently showing an upside bias after the RICS house price balance unexpectedly worsened last month, but analysts thought that the housing market is stabilizing.