For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6133. On the economic front, UK’s manufacturing PMI declined to a reading of 47.5 in October, compared to a revised reading of 48.1 … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD and closed at 1.6132. In the UK, the Gfk consumer confidence index unexpectedly declined to a reading of -30.0 in October, the lowest level in six … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.27% against the USD and closed at 1.6073, after the UK retail sales rose to a four-month high in October. Yesterday, the Confederation of British Industry, in its Distributive Trades … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.35% against the USD and closed at 1.6030, as investors opted for the safe haven greenback amid uncertainty over Spain and Greece as well as concerns over the outlook for … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.08% against the USD and closed at 1.6105. The Bank of England Deputy Governor, Charles Bean cautioned against over-optimism following third- quarter gross domestic product data and stated that … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.55% against the USD and closed at 1.6118, as the UK’s positive GDP data reduced speculation of additional easing by the Bank of England. On the economic front, UK’s gross … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.51% against the USD and closed at 1.6030, as expectations for more easing by the Bank of England waned following remarks late Tuesday by the central bank’s Governor, Mervyn King. According … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.45% against the USD and closed at 1.5948. Earlier, the Pound traded higher, after reports showed that mortgage approvals in the UK rose more-than-expected to 31,175 in September, hitting a … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.6021, as risk appetite rose after regional election results in Spain made it more likely that the country would ask for a bailout. … Continue reading →

  For the 24 hours to 23:00 GMT on Friday, GBP fell 0.31% against the USD and closed at 1.6005. On Friday, public sector net borrowing, excluding the temporary effects of financial interventions, in the UK fell by £0.7 billion … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.6056. The Pound had risen earlier after the UK’s seasonally adjusted retail sales increased 0.6% (MoM) in September, against the expectations for a … Continue reading →