For the 24 hours to 23:00 GMT, GBP fell 0.59% against the USD and closed at 1.5725, over BoE poor economic outlook. Bank of England (BoE), in its Quarterly Inflation Report, predicted that inflation would fall to 1.3% in two … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.5819. On an annual basis, the Consumer Price Index (CPI) in the UK rose 5.0% in October, compared to 5.2% growth recorded in September. … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 1.10% against the USD and closed at 1.5897, as Italian borrowing costs surged to record highs after a government bond auction, weighing on demand for British Pound. In the Asian session, … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.83% against the USD, on Friday, and closed at 1.6070. In the UK, the Output Price Index rose 5.7% (Y-o-Y) in October, compared to a 6.3% increase in September. In the … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.19% against the USD and closed at 1.5938, following reports that the Bank of England (BoE) kept its key interest rate at a record low of 0.5%. It also maintained its … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 1.14% against the USD and closed at 1.5908. In the UK, the overall trade balance, including goods and services trade deficit widened to £3.9 billion in September, from £2.7 billion for … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.6092, after the release of upbeat manufacturing data in the UK. In the UK, the industrial production remained flat in September, following a 0.3% … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.08% against the USD and closed at 1.6056. In the UK, the Halifax house prices rose 1.2% in October, compared to 0.5% decline in the previous month. The Lloyds Employment Confidence … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose marginally against the USD, on Friday, and closed at 1.6030. In the Asian session, at GMT0400, the pair is trading at 1.6023, with the GBP trading slightly lower from Friday’s close. … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.60% against the USD and closed at 1.6023. The National Institute for Economic and Social Research (NIESR) has indicated that there is a 50% chance that the British economy would slip … Continue reading →

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.5927. In the UK, the construction Purchasing Manager Index (PMI) rose to 53.9 in October compared to 50.1 in September. In the Asian session, … Continue reading →