For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5663, as the Lloyds Banking Group’s Halifax division indicated that house prices in the UK decreased 0.2% (MoM) in January, in line with … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.58% against the USD and closed at 1.5666. However, UK’s seasonally adjusted service purchasing managers’ index (PMI) advanced to 51.5 in January, from 48.9 in the previous month. In the … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.35% against the USD and closed at 1.5757. However, gains in the Pound were limited as concerns over political tensions in the Euro-zone reduced investor risk appetite. On the economic … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP fell 0.95% against the USD and closed at 1.5718, as investors fretted over weak manufacturing data in the UK. The Markit’s manufacturing PMI fell to a reading of 50.8 … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.46% against the USD and closed at 1.5869, amid positive UK economic data. Yesterday, UK’s GfK consumer confidence index rose to a reading of -26.0 in January, compared to a … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.33% against the USD and closed at 1.5797, after the Federal Reserve announced it was sticking with loose monetary policies, including its $85 billion monthly bond-purchasing program. In UK, M4 … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.31% against the USD and closed at 1.5746. Yesterday, the Bank of England (BoE) policymaker, David Miles, stated that economic growth in the UK would accelerate slowly and pick up … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.5697, as investors continued to assess the implications of a softened economic outlook and amid dovish comments from incoming Bank of England Governor, … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP rose 0.18% against the USD and closed at 1.5809. However, UK’s gross domestic product (GDP) retreated 0.3% (QoQ) in the Q4 FY2012, compared to a 0.9% rise recorded in … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.31% against the USD and closed at 1.5781, as uncertainty over Britain’s future in the European Union continued to weigh over investor sentiment. In UK’s economic news, the British Bankers … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5831. However, losses in the Pound were limited as official data showed that the number of people claiming unemployment benefits in the UK … Continue reading →