For the 24 hours to 23:00 GMT, GBP rose 0.79% against the USD and closed at 1.5639, as a better-than-expected UK retail sales data instilled investor confidence in the British economy. Retail sales volume in UK advanced 3.0% (YoY) in … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.44% against the USD and closed at 1.5517, as the UK unemployment rate remained unchanged at 7.8% in June as expected, but jobless benefit claims declined more than anticipated in … Continue reading →

  For the 24 hours to 23:00 GMT, GBP dropped marginally against the USD and closed at 1.5449. In the UK, annual consumer prices rose 2.8% in July, in line with market expectations. The DCLG house price index rose 3.1% … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD and closed at 1.5457. In the Asian session, at GMT0300, the pair is trading at 1.5465, with the GBP trading tad higher from yesterday’s close. In … Continue reading →

On Friday, GBP fell 0.15% against the USD and closed at 1.5513. However, losses in the Pound were limited as UK trade deficit narrowed more-than-expected to £8.1 billion in June, following a deficit of £8.7 billion recorded in the previous … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.5534, after the Bank of England (BoE) Governor, Mark Carney, reiterated commitment to bring down inflation to 2.0%, fuelling speculation that interest rates … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 1.00% against the USD and closed at 1.5497. All the action in Pound yesterday was provided by new Bank of England (BoE) Governor, Mark Carney, as he unveiled the central … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell slightly against the USD and closed at 1.5343. The Pound traded higher earlier, on the back of inspiring industrial and manufacturing production data in UK for June. Industrial production climbed … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.46% against the USD and closed at 1.5357, after the UK services PMI rose to a reading of 60.2 in July from a reading of 56.9 in June, showing a … Continue reading →

On Friday, GBP rose 1.11% against the USD and closed at 1.5286, as the UK construction PMI surged at the highest pace since June 2010 in July. UK construction purchasing managers’ index (PMI) recorded a sharp rise to a reading … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD and closed at 1.5118, as the Bank of England refrained from making any adjustments to the asset purchase facility or interest rate level. Meanwhile, the greenback … Continue reading →