For the 24 hours to 23:00 GMT, GBP traded marginally higher against the USD and closed at 1.5677, following positive employment data from the UK. In the UK, the ILO unemployment rate fell to 8.0% in the Q2 FY2012, compared … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.5675. Data released in the UK showed that the consumer price index rose 2.6% (YoY) in July, following a 2.4% rise in June. Meanwhile, … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.06% against the USD and closed at 1.5681. Yesterday, the Bank of England policymaker, Adam Posen, stated that the central bank should go beyond buying government bonds and consider purchasing private … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.33% against the USD and closed at 1.5683. In the UK economic news, output price inflation eased to 1.7% (YoY) in July, from 2.0% in June. Additionally, input prices … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.5631, after data showed that the UK trade deficit widened more-than-expected in June. In the UK, the visible trade deficit widened to £10.1 … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.31% against the USD and closed at 1.5667. Yesterday, the Bank of England (BoE), in its quarterly inflation report, scaled back its growth forecast for 2012 to 0%, saying that the … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.5619, after the UK industrial and manufacturing production fell less-than-expected in June. In the UK, industrial production fell 2.5% (MoM) in June, against the … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.27% against the USD and closed at 1.5592, on growing concerns that the Bank of England (BoE) would cut its forecast for growth in Wednesday’s quarterly inflation report and would introduce … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.85% against the USD and closed at 1.5644, as risk appetite received a boost following a stronger-than expected US employment report. In the UK, services Purchasing Managers’ Index (PMI) … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.22% against the USD and closed at 1.5512. Yesterday, the Bank of England’s (BoE) monetary policy committee kept the benchmark rate unchanged at 0.5% and held the size of its quantitative … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.78% against the USD and closed at 1.5546, after the Markit/CIPS manufacturing Purchasing Managers’ Index (PMI) in the UK dropped to 45.4 in July, the lowest level since March 2009, from … Continue reading →