For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.6170. The greenback declined against most of the major currencies, after the US Federal Reserve Chairman, Ben Bernanke assured that monetary easing measures … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.6147. In the UK, public sector net borrowing (PSNB) rose to £15.9 billion in March, compared to £9.9 billion in February. Market had … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6125, as lingering worries over European debt crisis, continued to weigh on investors’ sentiment. In the Asian session, at GMT0300, the pair is … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.35% against the USD, on Friday, and closed at 1.6117, after reports showed that retail sales in the UK rose better-than-expected in March. On a monthly basis, retail sales rose … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.6061, buoyed by diminished expectations for additional round of easing by the Bank of England. In the Asian session, at GMT0300, the pair … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.6022. Pound traded higher against greenback, buoyed by better-than-expected unemployment rate in the UK. Separately, the minutes of the Bank of England’s Monetary … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.5932, after UK consumer prices rose in March, diminishing expectations for more easing from the Bank of England. On an annual basis, Consumer … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.5903. In the Asian session, at GMT0300, the pair is trading at 1.5887, with the GBP trading 0.10% lower from yesterday’s close. The … Continue reading →

  For the 24 hours to 23:00 GMT, GBP fell 0.68% against the USD, on Friday, and closed at 1.5846, as weaker-than-expected Chinese GDP growth data, spurred demand for the safe-haven assets. Separately, Standard & Poor’s affirmed UK’s ‘AAA’ rating, … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.5954. The greenback declined against the Pound, as the Federal Reserve signaled low interest rates to continue triggering a risk on flight by … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD and closed at 1.5921, as risk appetite improved amid prospects of more rounds of the European Central Bank bond buying, helping calm jitters over recently battered … Continue reading →