For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.6241. The greenback came under pressure after the New York Empire State’s business conditions index fell to -10.41 in September, compared to -5.85 in … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.46% against the USD and closed at 1.6227, on broad dollar weakness In the Asian session, at GMT0300, the pair is trading at 1.6221, with the GBP trading marginally … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.30% against the USD and closed at 1.6153. The Bank of England, in its quarterly bulletin, stated that the investors’ uncertainty about inflation rose substantially during the financial crisis, and citied … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.6105. In the UK, the number of people claiming jobseeker’s allowance declined by 15,000 in August to 1.57 million. Market had expected the number … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.47% against the USD and closed at 1.6070, after data showed that the UK trade deficit narrowed in July. In the UK, visible trade deficit narrowed to £7.1 billion in July, … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.09% against the USD and closed at 1.5995. Yesterday the ratings agency, Moody’s stated that the UK bank profitability is set to stay under pressure through to 2013 as margins erode … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.51% against the USD and closed at 1.6010, after the release of positive economic data from the UK. In the UK, on a seasonally adjusted basis, manufacturing production rose … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.16% against the USD and closed at 1.5929. Yesterday, the Bank of England (BoE) holds interest rates at 0.50% for the 42nd consecutive month in September, and left the target of … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.5903. In the UK, net foreign currency reserves increased to $47.03 billion at the end of August, from $46.29 billion in the previous month, … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.07% against the USD and closed at 1.5869, after the construction purchasing managers index (PMI) in the UK, on a seasonally adjusted basis, fell to a reading of 49.0 in August, … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.06% against the USD and closed at 1.5880, following better-than-expected UK manufacturing data. In the UK, Markit manufacturing purchasing managers’ index rose to a reading of 49.5 in August, moving much … Continue reading →