On Friday, GBP rose 0.35% against the USD and closed at 1.5487. In the Asian session, at GMT0300, the pair is trading at 1.5521, with the GBP trading 0.22% higher from Friday’s close, as the greenback loses further steam … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 1.02% against the USD and closed at 1.5434, as the UK economy escaped a triple dip recession by recording a better-than-expected economic growth of 0.3% (QoQ) in the Q12013. Market had … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.33% against the USD and closed at 1.5277. On the economic front, the number of mortgage approvals in the UK increased to 31,227 in March, from 30,579 in February. The … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.45% against the USD and closed at 1.5228, as public sector net borrowing and CBI industrial order expectations data disappointed Sterling traders. According to the data released by the UK Office … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.49% against the USD and closed at 1.5299. The US Dollar came under pressure, after economic data revealed that the US housing sector still faces setbacks long its road to recovery. … Continue reading →

  On Friday, GBP fell 0.33% against the USD and closed at 1.5232, after Fitch Ratings lowered the UK’s long-term foreign and local currency issuer default ratings one step to “AA+” from “AAA”, citing the weak growth performance of the … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.25% against the USD and closed at 1.5283. In the UK, retail sales dropped 0.7% (MoM) in March, compared to a 2.1% increase recorded in the previous month. In the … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.74% against the USD and closed at 1.5245, the Bank of England’s (BoE) policy makers continued to remain divided for further asset purchases as the latest minutes revealed that the … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.5358. Yesterday, the IMF downgraded UK’s growth projection and indicated that the British economy is expected to grow 0.7% in 2013 and 1.5% … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD and closed at 1.5296, as investor risk appetite continued to be pressured by global growth concerns. In the Asian session, at GMT0300, the pair is trading … Continue reading →

On Friday, GBP fell 0.32% against the USD and closed at 1.5344. In the UK economic news, construction output dropped 7.0% annually in February, following a revised 5.5% fall in January. Meanwhile, the Conference Board (CB) leading economic index climbed … Continue reading →