For the 24 hours to 23:00 GMT, GBP rose 0.23% against the USD and closed at 1.5129. In the UK, consumer prices rose 2.9% annually in June, slightly lower than expectations for a 3.0% rise. Meanwhile, monthly producer prices … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.5095. The US dollar strengthened in yesterday’s session, on the back of lingering speculation that the Federal Reserve would soon start tapering its asset … Continue reading →

  On Friday, GBP fell 0.45% against the USD and closed at 1.5104, after data showed larger-than-expected decline in UK construction output. In the UK, construction output fell 3.4% (YoY) in May, against the expectation of a 2.8% drop. In … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.5172, as the greenback slipped after a data showed that the US initial jobless claims unexpectedly rose to a two-month high during last … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 1.89% against the USD and closed at 1.5128, as demand for the greenback decreased following comments by the Federal Reserve Chairman, Ben Bernanke that highly accommodative monetary policy would be … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.58% against the USD and closed at 1.4847, after manufacturing production in the UK declined more than expected in May. In the UK, manufacturing production slipped at an annual rate of … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.50% against the USD and closed at 1.4934. In the Asian session, at GMT0300, the pair is trading at 1.4940, with the GBP trading marginally higher from yesterday’s close. This … Continue reading →

  On Friday, GBP fell 0.92% against the USD and closed at 1.4901, as strong US employment figures supported the greenback. In the Asian session, at GMT0300, the pair is trading at 1.4874, with the GBP trading 0.18% lower from … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 1.58% against the USD and closed at 1.5040, after the Bank of England (BoE) maintained its asset purchase levels at £375 billion and the benchmark interest rate at 0.5% and … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.86% against the USD and closed at 1.5282, after the UK services PMI surged to its highest level in the last 27 months and recorded a reading of 56.9 in June, … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.43% against the USD and closed at 1.5151. The Pound came under pressure as a lower-than-expected rise in the UK construction Purchasing Managers’ Index in June disappointed investors. Separately, in … Continue reading →