For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5816. Lloyds Banking Group’s Halifax division reported that the House Price Index in the UK climbed 0.6% (MoM) in January, following a 1.0% drop … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.08% against the USD on Friday and closed at 1.5818, after the service sector Purchasing Managers’ Index (PMI) in the UK rose unexpectedly to 56.0 in January, marking its highest level … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.24% against the USD and closed at 1.5805, after the construction Purchasing Managers’ Index (PMI) in the UK dropped to a reading of 51.4 in January, marking the lowest level in … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.49% against the USD and closed at 1.5843, after the UK manufacturing index surged to an eight month high in January. In economic news, the manufacturing Purchasing Managers’ Index (PMI) in … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD and closed at 1.5766. Data released in the UK showed that the mortgage approvals climbed to 52,939 in December, compared to total approvals of 52,628 recorded in … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.13% against the USD and closed at 1.5705, after the latest survey by Hometrack revealed that house prices in the UK remained unchanged for January. The agency further cautioned that “downward … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.25% against the USD, on Friday, and closed at 1.5726. In the UK, this morning, the Hometrack Housing Survey showed that the house prices, on monthly basis, remained flat in … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.5687. In economic news, the Confederation of British Industry (CBI) in its Distributive Trades Survey indicated that the retail sales balance in the UK … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.5656. However, gains were limited in the Pound as the UK GDP contracted a more-than-expected 0.2% sequentially in the fourth quarter of 2011, raising … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD and closed at 1.5624, after reports showed that the government’s budget deficit narrowed. In the UK, the public sector net borrowing declined to £10.8 billion in December, … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.5566. The Bank of England (BoE) policy maker, Adam Posen, has stated that the central bank would increase its bond-purchase target next month if … Continue reading →