For the 24 hours to 23:00 GMT, GBP rose 0.34% against the USD and closed at 1.6122. In the UK, the Lloyds Bank reported that employment confidence came in unchanged at a reading of -42.0 in December, compared to … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP fell marginally against the USD and closed at 1.6069, weighed down by disappointing UK economic data. On the economic front, UK’s mortgage approvals for house purchases rose to a … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 1.07% against the USD and closed at 1.6077, amid release of weak economic data from the UK. In economic news, the Markit/CIPS construction purchasing managers’ index (PMI) fell to 48.7 … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6251, after reports indicated that the manufacturing purchasing managers’ index (PMI) in the UK rose to a 15-month high of 51.4 in December, … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.53% against the USD and closed at 1.6247 on Monday. On Tuesday, the US Senate passed a bill that aims to avoid the cliff’s automatic implementation of $600 billion in spending … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP rose 0.30% against the USD and closed at 1.6163. In the Asian session, at GMT0400, the pair is trading at 1.6155, with the GBP trading marginally lower from Friday’s … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6114, after UK’s British Banker’s Association (BBA) reported that the number of new mortgages approved in November rose to 33,634 approvals from a … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6125, in subdued trade, as concerns that the US officials would not manage to conclude a deal in order to avoid a fiscal … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP fell 0.61% against the USD and closed at 1.6172, as investors sought safety in the greenback amid fears that political differences may hold up fiscal reforms in the US, … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD and closed at 1.6272, as investors digested stronger-than-expected data out of the US. Meanwhile in the UK, the Office for National Statistics (ONS) reported that retail … Continue reading →

  For the 24 hours to 23:00 GMT, GBP ended marginally higher against the USD and closed at 1.6251, after minutes of the Bank of England (BoE) indicated that the UK policymakers unanimously decided to hold the key interest rate … Continue reading →