For the 24 hours to 23:00 GMT, GBP rose 0.65% against the USD and closed at 1.5228. Yesterday, consumer confidence in the UK improved to a reading of -22.0 in May, from a reading of -27.0 recorded in the … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.70% against the USD and closed at 1.5130. In economic news, UK’s Confederation of British Industry (CBI), in its monthly Distributive Trade Survey, reported that retail sales balance retreated to … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.55% against the USD and closed at 1.5026, amid lack of domestic economic news and as the US Dollar gained on inspiring consumer confidence and home prices data. In the … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.13% against the USD and closed at 1.5109. In the Asian session, at GMT0300, the pair is trading at 1.5106, with the GBP trading marginally lower from yesterday’s close. The pair … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD and closed at 1.5093, as the Gross Domestic Product (GDP) in UK rebounded from a 0.3% decline in Q42012 and registered a 0.3% rise in the … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.83% against the USD and closed at 1.5034, after retail sales in the UK fell below market expectations, dropping 1.3% (MoM) in April, following a revised 0.6% fall recorded in the … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.67% against the USD and closed at 1.5160, following a lower-than-expected 2.4% drop in the UK inflation rate in April, against the expected 2.6% decline. In the Asian session, at … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.58% against the USD and closed at 1.5263. Yesterday, the President of the Chicago Federal Reserve Bank, Charles Evans, stated that the central bank’s policy stance is appropriate and that the … Continue reading →

  On Friday, GBP fell 0.69% against the USD and closed at 1.5171. The Rightmove house prices data from the UK released over the weekend indicated an improvement in the UK housing market. On an annual basis, the house price … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.26% against the USD and closed at 1.5277. In the Asian session, at GMT0300, the pair is trading at 1.5246, with the GBP trading 0.20% lower from yesterday’s close. The … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5238. The ILO unemployment rate in the UK fell to 7.8% in the three months to March, from 7.9% recorded earlier. Moreover, the … Continue reading →