For the 24 hours to 23:00 GMT on Friday, GBP rose marginally against the USD and closed at 1.5879. In the Asian session, at GMT0400, the pair is trading at 1.5918, with the GBP trading 0.24% higher from Friday’s … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.5865, as disappointing US economic data weighed on the greenback. However, a drop in UK retail sales limited gains. The Office for National … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.5839, after the BoE lowered its growth forecast for the Q4 FY2012. Yesterday, the Bank of England (BoE), in its quarterly inflation report, … Continue reading →

  For the 24 hours to 23:00 GMT, GBP ended flat against the USD and closed at 1.5875. Earlier the Pound rose as prospects of the Bank of England (BoE) embracing further stimulus measures diminished after economic data released yesterday … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.11% against the USD and closed at 1.5875, as demand for riskier currency weakened after the Euro-zone policymakers refrained from deciding when it would disburse a €31.5 billion tranche of … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP fell 0.50% against the USD and closed at 1.5897, as Euro-zone debt concerns continued to dampen risk sentiment. Additionally, strong US consumer sentiment data added to greenback’s gain. In … Continue reading →

  For the 24 hours to 23:00 GMT, GBP remained flat against the USD and closed at 1.5976. Yesterday, the Bank of England (BoE) left the interest rates unchanged at 0.50%, and maintained its quantitative easing at £375 billion, following … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5976, as market participants looked past President Barack Obama’s re-election and began to brace for tax hikes and government spending cuts in the … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5990. On the economic front, industrial production in the UK fell 1.7% (MoM) in September, compared to a 0.5% drop in August. Additionally, … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.5985, after data showed that the UK service sector grew at the slowest pace in nearly two years in October, raising concerns over … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP fell 0.68% against the USD and closed at 1.6024, as the US Dollar rose after better-than-expected US October jobs report reduced the possibility of further quantitative easing by the … Continue reading →