For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5218, after the UK’s manufacturing Purchasing Managers’ Index (PMI) recorded a 25-month high reading of 52.5 in June. Further adding to the positive … Continue reading →

  On Friday, GBP fell 0.28% against the USD and closed at 1.5214, after Nationwide house price data came in weaker than expected in June. The Nationwide Building Society of UK reported that on a non-seasonally adjusted annual basis, house … Continue reading →

  GBP fell 0.40% for the 24 hours to 23:00 GMT, against the USD and closed at 1.5256, after reports showed that the GDP in the UK rose 0.3% (YoY) in the first quarter of 2013, lower than the preliminary … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.58% against the USD and closed at 1.5319, after the UK government announced deep spending cuts and cautioned that the British economy was still weak. In a government spending review, … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.28% against the USD and closed at 1.5409, as robust US economic numbers lifted the greenback. In economic news, the British Bankers’ Association (BBA) reported that UK’s major mortgage providers … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.44% against the USD and closed at 1.5454. Reuters reported that the UK’s Chancellor of the Exchequer, George Osborne reached a deal with the government department to reduced £11.50 billion … Continue reading →

  On Friday, GBP fell 0.55% against the USD and closed at 1.5428. In economic news, UK’s public sector net cash requirements stood at £3.1 billion in May. Also, the public sector net borrowing stood at £10.5 billion in May. … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.26% against the USD and closed at 1.5513, after retail sales in the UK rose 2.1% (MoM) in May, compared to a revised 1.1% drop recorded in the previous month. Market … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 1.00% against the USD and closed at 1.5474, as investor sentiment dented after the Bank of England Governor, Mervyn King in his final speech opined that the central bank needs … Continue reading →

  Despite positive UK economic data GBP fell 0.53% against the USD for the 24 hours to 23:00 GMT and closed at 1.5632, as investors exercised caution ahead of the Federal Reserve’s policy statement. In the UK, the consumer price … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5717. Losses in the pound were limited as Rightmove indicated that UK house prices increased for a sixth consecutive month in June. In … Continue reading →