For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD and closed at 1.6443, after a strong consumer price inflation data. In the UK, on an annual basis, the consumer price inflation rose to 4.4% in July, … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.6379. Bank of England policy maker, David Miles has stated that the UK economy is on a fragile recovery path and a second bout … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.32% against the USD, on Friday, and closed at 1.6276. In the UK, this morning, the Rightmove House Price Index declined 2.1% (M-o-M) in August, following a 1.6% decline in the … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.63% against the USD and closed at 1.6224, after the UK Chancellor of the Exchequer, George Osborne rejected opposition demands to review spending cuts and stated that he has a firm … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 1.11% against the USD and closed at 1.6122, after the Bank of England quarterly inflation report indicated that the outlook for growth has weakened. The BoE Governor, Mervyn King, stated that … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.16% against the USD and closed at 1.6303, after UK manufacturing unexpectedly dropped in June and the trade deficit widened, and as the worst civil unrest in 30 years added to … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.57% against the USD and closed at 1.6329. In the UK, the Royal Institution of Chartered Surveyors (RICS) indicated that the index measuring house prices advanced to -22.0 in July, from … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 1.01% against the USD, on Friday, and closed at 1.6392. In the UK, the output price inflation, on an annual basis, rose to 5.9% in July, the highest since October 2008 … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 1.24% against the USD and closed at 1.6228. The Monetary Policy Committee of the Bank of England (BoE) retained its key interest rate at 0.5%, in-line with market estimates. Additionally, the … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.96% against the USD and closed at 1.6431. In the UK, the Purchasing Managers’ Index (PMI) for services rose to a reading of 55.4 in July, following a reading of 53.9 … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.14% against the USD and closed at 1.6275, amid poor UK construction data. In the UK, construction Purchasing Managers’ Index (PMI) declined to a reading of 53.5 in July, following a … Continue reading →