For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.6038. In the Bank of England credit conditions report, the UK banks stated that demand for mortgages would probably fall in the third quarter … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.54% against the USD and closed at 1.6072. In the UK, on a seasonally adjusted annual basis, the money supply declined by 0.2% in May, the eight consecutive decline, following a … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.03% against the USD and closed at 1.5986, after Bank of England policy makers signalled they are concerned over the growth outlook. Bank of England Governor, Mervyn King stated that the … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.5991, on investors expectations that the business activity would pickup, encouraging them to pare bets that the borrowing costs would remain at a record … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD, on Friday, and closed at 1.5966, amid speculation that the Bank of England would keep interest rates at a record low to counter the stumbling economic growth. … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.6026. Pound remained under pressure, after a day before yesterday’s minutes of the last BOE meeting, which suggested that the Bank would think about … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.95% against the USD and closed at 1.6060. The minutes released yesterday, from the Bank of England’s most recent meeting showed that more policy makers voted to keep interest rates at … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6214. The Bank of England Markets Director Paul Fisher stated that officials have not ruled out adding to their bond-purchase program if needed to … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.6209. The European finance ministers kept on hold the decision to extend a fresh loan package to Greece, raising the appeal for the pound … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.13% against the USD, on Friday, and closed at 1.6182. In the US, the leading economic index, on a monthly basis, rose by 0.8% in May, following a revised 0.4% decrease … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.19% against the USD and closed at 1.6161, amid poor UK jobs and retail sales data, adding further weight to calls for the Bank of England to keep interest rates on … Continue reading →