For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.5669. The Moody’s Investors Service lowered gross domestic product (GDP) forecast for UK to 0.4% in 2012 and 1.8% in 2013. However, it retained … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD and closed at 1.5710, as the release of weak economic data from the UK, raised concerns that UK’s recession is deepening. In the UK, the mortgage approvals … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.27% against the USD and closed at 1.5732. On Friday, Standard & Poor’s Ratings Services affirmed UK’s triple-AAA sovereign rating and maintained a stable outlook. It expects the UK … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 1.28% against the USD and closed at 1.5690, as risk appetite improved on optimism that European policy makers would take measures to contain the region’s debt crisis. In the UK, Prime … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.5492, after data showed that the UK economy contracted more-than-expected in the second quarter of 2012. In the UK, the seasonally adjusted gross domestic … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.5507. On the UK economic front, the British Banker’s Association (BBA) reported that the number of new mortgages approvals unexpectedly dropped to 26,269 in … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.60% against the USD and closed at 1.5513, as risk aversion increased among the investors. In the Asian session, at GMT0300, the pair is trading at 1.5520, with the GBP trading … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.61% against the USD and closed at 1.5622, after UK’s public sector net borrowing continued to climb for June, casting aspersions over the government’s plan to balance its budget … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.44% against the USD and closed at 1.5718. In the UK, retail sales on a seasonally adjusted basis rose 0.3% (MoM) in June, against the market expectation of a 0.4% rise. … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5649. Yesterday, minutes of Bank of England (BoE) from policy meeting of July 4-5 revealed that the BoE Governor, Mervyn King, and six other … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.15% against the USD and closed at 1.5651. In the UK, the consumer price index fell 0.4% (MoM) in June, compared to a 0.1% decline expected by markets, while DCLG house … Continue reading →