For the 24 hours to 23:00 GMT, GBP rose 0.47% against the USD and closed at 1.6097, after the UK’s seasonally adjusted manufacturing purchasing managers’ index (PMI) rose to 49.1 in November, from a revised reading of 47.3 in October. … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.16% against the USD and closed at 1.6012. Over the weekend, the UK Chancellor of the Exchequer, George Osborne acknowledged that that it was taking longer than hoped to … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.15% against the USD and closed at 1.6038. In the UK, mortgage approvals rose to 53,000 in October, while consumer credit retreated by £0.5 billion in October. Also, M4 money … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6014. In the US, new home sales declined 0.3% to a seasonally adjusted annual rate of 368,000 in October, from the revised September … Continue reading →

  For the 24 hours to 23:00 GMT, GBP declined marginally against the USD and closed at 1.6019. In the UK economic news, the seasonally adjusted index of services retreated 0.5% (MoM) in September, compared to a 1.0% rise in … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6033. In the Asian session, at GMT0400, the pair is trading at 1.6036, with the GBP trading marginally higher from yesterday’s close. The … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP rose 0.58% against the USD and closed at 1.6029, as demand for riskier currencies improved after Greece indicated that the International Monetary Fund had relaxed its debt-cutting target for … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.20% against the USD and closed at 1.5937, after data from the industrial trends survey by the Confederation of British Industry (CBI) showed that UK’s manufacturing orders rose less-than-expected in … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.5968, as investors gauged that the Bank of England’s minutes were not as dovish as some had feared. In its minutes for the meeting … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.19% against the USD and closed at 1.5923, as investors hoped that the Euro-zone finance ministers would unlock Greece’s next tranche of bailout funds offsetting a downgrade on France by … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5893, as traders turned optimistic that policymakers in the US would reach a deal in order to avert the “fiscal cliff”. In the … Continue reading →