For the 24 hours to 23:00 GMT, GBP fell 1.15% against the USD and closed at 1.6191, amid poor UK job data. The number of people claiming jobseeker’s allowance in the UK rose by 19,600 to 1.49 million in May. … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6380, after the inflation report in the UK raised speculation that the Bank of England would raise interest rates. In the UK, the consumer … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.86% against the USD and closed at 1.6363. In the UK, the RICS home price index declined to -28.0 in May compared to a reading of -21.0 in April. The pair … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.85% against the USD, on Friday, and closed at 1.6226. In the UK, the industrial production, on monthly basis, declined by 1.7% in April, following a 0.2% increase in March. The … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.20% against the USD and closed at 1.6365. The Bank of England’s (BoE) Monetary Policy Committee decided to retain the interest rate at a record low of 0.5%, matching market estimates. … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6397, after the Moody’s Investors Service stated that the Britain’s AAA credit rating could be threatened if growth remains weak and the government does … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.54% against the USD and closed at 1.6438, as the ECB President, Jean-Claude Trichet, signaled his support for Greek government bond rollovers, lifting demand for riskier assets. Meanwhile, the US FED, … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.63% against the USD and closed at 1.6349. The IMF’s annual economic assessment of the UK indicates that economic recovery is broadly on track, though the UK may need to consider … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD, on Friday, and closed at 1.6425. In the UK, the business activity index fell to 53.8 in May, compared to a reading of 54.3 posted in the … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.6362. In the UK, the purchasing managers’ index (PMI) for construction sector activity rose to54.0 in May, following a reading of 53.3 in posted … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.78% against the USD and closed at 1.6332, after a report from the Chartered Institute of Purchasing and Supply showed that UK manufacturing expanded at the slowest pace in nearly two … Continue reading →