For the 24 hours to 23:00 GMT, GBP fell 0.19% against the USD and closed at 1.6461. The pound trimmed gains against the US dollar yesterday, pulling away from a one-month high after a string of weaker-than-expected US economic data … Continue reading →

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.6493. A leading British business group, The British Chambers of Commerce (BCC), on Monday cut its growth forecasts for the country’s economic growth over … Continue reading →

GBP/USD: Pound backpedals in Asian session For the 24 hours to 23:00 GMT, GBP rose 0.72% against the USD, on Friday, and closed at 1.6505, amid concerns that the Euro zone debt crisis may worsen and as weak US economic … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.63% against the USD and closed at 1.6382. In the US, the gross domestic product rose by 1.8% (Q-o-Q) in the first quarter of 2011, compared to 3.1% growth recorded in … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.61% against the USD and closed at 1.6280, as a report showed that the UK economy resumed growth in the first quarter on strong exports. In the UK, the index of … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.55% against the USD and closed at 1.6181. However, gains were capped after Moody’s Investors Service stated that it may lower the credit ratings of 14 British lenders and after a … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.78% against the USD and closed at 1.6092. The pound traded lower against the US dollar on Monday, as concerns over possible debt restructuring in Greece and ratings outlook downgrade in … Continue reading →

For the 24 hours to 23:00 GMT, GBP traded flat against the USD, on Friday, and closed at 1.6232. Bank of England Chief Economist, Spencer Dale stated that monetary policy makers should boost interest rates to control inflation, even if … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.43% against the USD and closed at 1.6231. In the UK, the Confederation of British Industry’s (CBI) monthly survey for May indicated that 22.0% of the manufacturers described total order books … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.54% against the USD and closed at 1.6162, as minutes from the Bank of England’s May 5 meeting showed the majority of policy makers warned against raising borrowing costs and after … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.6249, as the headline reading for UK inflation topped market forecasts for April. The Bank of England (BoE) Governor, Mervyn King, in his letter … Continue reading →