For the 24 hours to 23:00 GMT on Friday, GBP rose 1.02% against the USD and closed at 1.5669, as risk appetite in general rose following the announcement of new measures announced at the EU summit. In the Asian session, … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.5511, following series of weak economic data from the UK. In the UK, gross domestic product fell 0.2% (YoY) during the first quarter of … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.40% against the USD and closed at 1.5571, after mortgage approvals in the UK dropped to their lowest level in more than a year, raising the speculation that the central bank … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.40% against the USD and closed at 1.5633. In economic news, public sector net borrowing in the UK rose to £15.6 billion in May, from a revised surplus of £19.9 billion … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.13% against the USD and closed at 1.5570, amid talks of monetary easing by BoE policymakers. Yesterday, the Bank of England (BoE) policymaker, David Miles, stated that a substantial amount of … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.08% against the USD and closed at 1.5585. The external member of the Bank of England (BoE)’s Monetary Policy Committee, Martin Weale stated that BoE has enough room for … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.73% against the USD and closed at 1.5597, as global growth concern overweighed the positive data from the UK. In economic news, retail sales in the UK rose more-than-expected by 1.4% … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.07% against the USD and closed at 1.5712, after minutes of the Bank of England (BoE) June meeting showed that the four policymakers including BoE governor, Mervyn King, voted to increase … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.27% against the USD and closed at 1.5723. In the UK, consumer price index fell 0.1% (MoM) in May, compared to a 0.6% rise posted in April, making it lowest level … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.5680, as concerns over rising Spanish borrowing costs and sovereign debt contagion in the Euro-zone continued to dampen investor confidence. The Pound was also … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.97% against the USD and closed at 1.5698. In the UK, the visible trade deficit widened to £10.1 billion in April, compared to a deficit of £8.7 billion in … Continue reading →