For the 24 hours to 23:00 GMT, GBP fell 0.41% against the USD and closed at 1.5178. The Pound recorded gains earlier after Cyprus secured a €10 billion bailout deal. However, market sentiment faded after the Eurogroup head, Jeroen … Continue reading →

  On Friday, GBP rose 0.31% against the USD and closed at 1.5227. However, gains in Pound were limited as ratings agency Fitch placed Britain’s ‘AAA’ rating on ‘Negative’ watch. The agency indicated that the persistently weak performance of UK … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.5180, after UK retail sales recorded a jump in February and the public sector borrowing came in smaller-than-expected in February. Yesterday, retail sales … Continue reading →

  For the 24 hours to 23:00 GMT, GBP declined marginally against the USD and closed at 1.5094. In economic news, the Office for National Statistics reported that the claimant count change in the UK declined by a seasonally adjusted … Continue reading →

  For the 24 hours to 23:00 GMT, GBP ended flat against the USD and closed at 1.5096, after UK inflation data that came in line with market expectations, managed to keep the Pound stable. In the UK, the seasonally … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5096, as the pound continued to remain under pressure as renewed concerns over the handling of the debt crisis in the Euro-zone continued … Continue reading →

  On Friday, GBP fell marginally against the USD and closed at 1.5078. On Friday, the Bank of England Governor, Mervyn King opined that the Pound is “properly valued” and indicated that the UK recovery is “in sight”. On the … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 1.11% against the USD and closed at 1.5091. In its quarterly bulletin, the Bank of England revealed that the UK treasury would benefit a net £17.0 billion from transfers from … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.4925. In the Asian session, at GMT0400, the pair is trading at 1.4932, with the GBP trading marginally higher from yesterday’s close. The … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.4906. However, the gains in the Pound were limited as industrial and manufacturing production in the UK registered a drop in January. UK’s industrial … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.4906. In the Asian session, at GMT0400, the pair is trading at 1.4895, with the GBP trading marginally lower from yesterday’s close. In … Continue reading →