For the 24 hours to 23:00 GMT on Friday, GBP fell 0.40% against the USD and closed at 1.6069, amid increased risk aversion, after political uncertainty in Greece heightened concern that the region’s debt crisis would worsen. In the UK, … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6133. Yesterday, Bank of England (BoE) policymaker left the asset purchase target unchanged at £325 billion in line with market expectations and kept the … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.09% against the USD and closed at 1.6134. UK Prime Minister, David Cameron insisted that the nation must adhere to its tough austerity measures in order to sail through the recessionary … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.27% against the USD and closed at 1.6149. In the Asian session, at GMT0300, the pair is trading at 1.6133, with the GBP trading 0.1% lower from yesterday’s close, after retail … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.38% against the USD and closed at 1.6193. Yesterday, the Centre for Economics and Business Research (CEBR) cautioned that unemployment in most parts of the UK is likely to rise over … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.6187, after reports showed that Nationwide house prices in the UK fell unexpectedly in April. Additionally, services PMI in the UK fell more … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.15% against the USD and closed at 1.6198, after construction sector activity in the UK expanded at a slower pace in April. A separate report by the Bank of England … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.08% against the USD and closed at 1.6221, after reports showed that manufacturing purchasing managers’ index (PMI) in the UK declined to 50.5 in April, compared to 51.9 in March. … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6234, as lingering worries about the Spain’s debt crisis weighed on investors’ sentiments. In the Asian session, at GMT0300, the pair is trading … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.53% against the USD, on Friday, and closed at 1.6260, after weaker-than-expected first-quarter economic growth data in the US dampened demand for the greenback. The Pound remained supported by speculation … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6174, amid market speculation of an additional round of easing for the US economy. Meanwhile, the Bank of England (BoE) monetary policy committee … Continue reading →