For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6127, after data showed that the construction activity in the UK remained in the contraction territory. In the UK, construction purchasing managers’ index (PMI) … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.04% against the USD and closed at 1.6128. However, gains were capped after data showed that the manufacturing purchasing managers index (PMI) in the UK declined to 48.4 in September, from … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.51% against the USD and closed at 1.6148. In the UK, the index of services on a seasonally adjusted basis rose 1.1% (MoM) in July, compared to the forecast … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.36% against the USD and closed at 1.6232, after data showed that the UK economy contracted less-than-expected in the 2nd quarter of 2012. In the UK, Gross Domestic Product (GDP) contracted … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.09% against the USD and closed at 1.6177, as risk aversion increased on growing concerns about Spain’s need for a bailout. In the UK, CBI realized trades rose more-than-expected to a … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.19% against the USD and closed at 1.6194. In the UK, the number of mortgage approvals for house purchase rose to 30,533 in August, up from 28,750 in July. Meanwhile, … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.6230, as risk aversion increased among investors amid renewed concerns over the ongoing debt crisis in the Euro-zone. In the Asian session, at … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.19% against the USD and closed at 1.6249. In economic news, on a seasonally adjusted basis, public sector net borrowing (PSNB) in the UK rose less-than-expected to £12.4 billion … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.05% against the USD and closed at 1.6218. Yesterday, the Bank of England (BoE) Governor, Mervyn King, stated that it would be acceptable for the UK government to miss a key … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.6226. Yesterday, the minutes of the Bank of England’s (BoE) latest monetary policy meeting revealed that the policymakers unanimously voted in favour of leaving … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.6242. Data released in the UK indicated that the consumer prices rose at an annual pace of 2.5% in August, slowing from 2.6% in … Continue reading →