For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.5628, on broad US dollar weakness. The International Monetary Fund (IMF) in its quarterly economic report, released yesterday, downgraded the UK’s growth forecast from … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.94% against the USD and closed at 1.5576, as investor sentiment received a boost after the Bank of England announced a new £80 billion ‘funding for lending’ program, that … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.5431. The Office for Budget Responsibility on Thursday stated that the UK fiscal position is unsustainable if the government absorbs national income simply to … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.5507. In the Asian session, at GMT0300, the pair is trading at 1.5510, with the GBP trading marginally higher from yesterday’s close. The pair … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.08% against the USD and closed at 1.5516, after National Institute of Economic Research (NIESR) reported that the UK gross domestic product (GDP) fell 0.2% (QoQ) in June. Adding to the … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.5528. In the Asian session, at GMT0300, the pair is trading at 1.5505, with the GBP trading 0.15% lower from yesterday’s close, after RICS … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.17% against the USD and closed at 1.5492. In the UK, the output producer price index rose 2.3% (YoY) in June, compared to a 2.9% rise in May. However, … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.46% against the USD and closed at 1.5519. The Bank of England (BoE), in its Monetary Policy meeting, voted to raise asset purchase target to £375 billion by injecting £50 billion … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.61% against the USD and closed at 1.5591, after UK service sector growth slackened in June. In the UK, services purchasing manager index (PMI) fell more-than-expected to reading of 51.3 in … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.03% against the USD and closed at 1.5686, as weak construction activity in the UK raised speculation that Bank of England (BoE) would implement a fresh round of stimulus measures. In … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.03% against the USD and closed at 1.5690. In the UK, the manufacturing purchasing managers’ index rose to a reading of 48.6 in June, following a reading of 45.9 in May. … Continue reading →