For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.6250. On the UK economic front, the DCLG house price index rose 1.5% (YoY) in October, slower than the 1.7% gain recorded in September. … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.6204. In the Asian session, at GMT0400, the pair is trading at 1.6214, with the GBP trading marginally higher from yesterday’s close. The pair … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.38% against the USD and closed at 1.6174. In the Asian session, at GMT0400, the pair is trading at 1.6172, with the GBP trading marginally lower from Friday’s close. … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.14% against the USD and closed at 1.6114. Hours after Chancellor of the Exchequer, George Osborne stated that keeping the government’s borrowing costs low is more important than retaining its top … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.11% against the USD and closed at 1.6135, after an unexpected decline in the UK jobless claims for November. The number of jobless claims in the UK fell by 3,000 to … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.6118, as risk appetite increased after German investor sentiment improved sharply in December and on cautious optimism that the US would avoid a fiscal … Continue reading →

For the 24 hours to 23:00 GMT, GBP advanced 0.23% against the USD and closed at 1.6072. The head of the Bank of England, Mervyn King warned that too many countries were trying to weaken their currencies to offset the … Continue reading →

On Friday, for the 24 hours to 23:00 GMT, GBP fell 0.07% against the USD and closed at 1.6038, as a string of disappointing UK economic data provided further evidence of bleak UK economic picture. Data released in the UK … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.28% against the USD and closed at 1.6048, as investors were disappointed by downbeat comments from European Central Bank President, Mario Draghi and after the Bank of England left its … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6093, as the UK Chancellor, George Osborne revised down his prospects for economic growth. In his autumn statement to the House of Commons, … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6099. On the economic front, the UK’s Chartered Institute of Purchasing & Supply (CIPS) reported that the construction purchasing managers’ index (PMI) fell … Continue reading →