On Friday, GBP fell 0.57% against the USD and closed at 1.4940, as the greenback registered gains against major currencies following stronger-than-forecasted US employment data. The Department of Labor indicated that the US economy added 236,000 jobs in February, much … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.5026, as the Bank of England’s (BoE) Monetary Policy Committee voted to keep its key interest rate unchanged at 0.5% in line with market … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.93% against the USD and closed at 1.4995, as investors’ exercised caution ahead of the upcoming BoE interest rate decision. On the economic front, a report from Lloyds Banking Group’s … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5136, following a surprise rise in UK’s services PMI. Yesterday, UK’s the services purchasing managers’ index (PMI) rose unexpectedly to 51.8 in February, … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.65% against the USD and closed at 1.5129. Yesterday, the construction purchasing managers’ index (PMI) in the UK dropped to a reading of 46.8 in February, from a reading of … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP fell 0.94% against the USD and closed at 1.5020, amid a weak set of economic data from the UK. UK’s seasonally adjusted manufacturing purchasing managers’ index (PMI) retreated to … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5163. In the Asian session, at GMT0400, the pair is trading at 1.5169, with the GBP trading marginally higher from yesterday’s close. The pair … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.5166, as upbeat core durable goods orders and pending home sales data in the US helped buoy investor risk appetite. However, gains in … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.5130. The Bank of England Deputy Governor, Paul Tucker stated that he is open to support more quantitative easing depending on the outlook for … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.46% against the USD and closed at 1.5165. However, mortgage approvals in the UK declined unexpectedly to 32,288 approvals in January, from a revised 33,440 approvals in the previous month. Market … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP fell marginally against the USD and closed at 1.5251, after Moody’s Investors Service (Moody’s) downgraded its sovereign credit rating on the UK by one notch to “Aa1” and changed … Continue reading →