For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.5547. The Bank of England Governor, Mervyn King, stated that the case for more stimulus in the UK is growing and bank plans to … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.41% against the USD and closed at 1.5513. In the Asian session, at GMT0300, the pair is trading at 1.5523, with the GBP trading 0.07% higher from yesterday’s close. The pair … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.60% against the USD and closed at 1.5576, after the National Institute for Economic & Social Research (NIESR) stated that the UK economy has emerged from recession in May. The NIESR … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.5483. In the Asian session, at GMT0300, the pair is trading at 1.5484, with the GBP trading flat from yesterday’s close. This morning, the … Continue reading →

For the 24 hours to 23:00 GMT on Friday, GBP fell 0.37% against the USD and closed at 1.5469. In the UK, the output producer price inflation eased to 2.8% (YoY) in May, from a revised rate of 3.2% in … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.5527. In economic news, the Bank of England (BoE) kept interest rates at a record-low 0.50% and refrained from altering its stimulus policy by … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.68% against the USD and closed at 1.5484. In the UK, construction purchasing manager index fell to 54.4 in May compared to a reading of 55.8 in April. In the … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5380. In the Asian session, at GMT0300, the pair is trading at 1.5415, with the GBP trading 0.23% higher from yesterday’s close. This morning, … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.44% against the USD and closed at 1.5405. In economic news, Nationwide Building Society reported that the UK house prices rose 0.3% (MoM) in May, from 0.3% drop in April. Meanwhile, … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 1.02% against the USD and closed at 1.5473, amid rising speculation over additional easing from Bank of England and as concerns surrounding Spanish banking sector propelled traders to move towards safe … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.27% against the USD and closed at 1.5633. The Bank of England Chief Economist, Spencer Dale stated that the UK economy may see a gradual recovery in growth this year adding … Continue reading →