For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5691, following reports that showed contraction in the UK PMI. In the UK, the manufacturing Purchasing Managers’ Index (PMI) contracted to 47.6 in November, … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.59% against the USD and closed at 1.5696. The greenback came under heavy pressure, as investors cheered a coordinated central bank action to provide liquidity to the financial sector. Investors risk … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.65% against the USD and closed at 1.5604. The UK Chancellor of Exchequer, George Osborne announced that growth forecast for the UK economy in 2011 and 2012 has been revised lower … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.5504. However, gains were limited after Bank of England Governor, Mervyn King stated that the Euro-zone crisis was likely to cause UK’s economy to … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.31% against the USD, on Friday, and closed at 1.5442. This morning, the British Chambers of Commerce (BCC) cuts the growth outlook for the UK economy and stated that the impacts … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.5490, following comments by the German Chancellor, Angela Merkel that joint euro bonds would send a “wrong signal,” spurring demand for safe-haven assets. GBP … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.73% against the USD and closed at 1.5523, after minutes of the Bank of England Monetary Policy Committee rate-setting meeting indicated increased support for additional quantitative easing in the future. In … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5637, amid growth concerns and expectations of further monetary easing. A leading think-tank, Reform, has warned that UK would require a decade of austerity … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.87% against the USD and closed at 1.5643, amid poor UK housing data. The Rightmove House Price Index declined 3.1% (MoM) in November, following 2.8% rise in the previous month. Bank … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD, on Friday, and closed at 1.5788. In the Asian session, at GMT0400, the pair is trading at 1.5745, with the GBP trading 0.27% lower from Friday’s close, … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.5759, following reports showing strong UK retail sales data. On an annual basis, the retail sales in the UK rose 0.9% in October, following … Continue reading →