For the 24 hours to 23:00 GMT, GBP rose 0.34% against the USD and closed at 1.6699. In the US, personal income rose 0.5%, while spending rose 0.6% in March. Additionally, the Thomson Reuters/University of Michigan final index of consumer … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6642, as investors speculated that the Bank of England would raise rates ahead of its US counterpart after the Federal Reserve renewed its pledge … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.72% against the USD and closed at 1.6625. The greenback came under pressure, after the Federal Reserve renewed its commitment to low rates and asset purchases. In the UK, the gross … Continue reading →

For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.6506. The Bank of England monetary policy committee member, Andrew Sentance, criticized the monetary policy committee over its failure to tackle inflation, thus stating … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.6505. In the UK, retail sales, on a monthly basis, unexpectedly increased 0.2% in March, compared to a 0.9% decline recorded in the previous … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.40% against the USD and closed at 1.6391. In the UK, the minutes of the last BoE meeting indicated that the Bank of England`s Monetary Policy Committee maintained its 6-3 split … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.38% against the USD and closed at 1.6325. In the US, the seasonally adjusted housing starts increased by 7.2% to an annual rate of 549,000 in March, following an upwardly revised … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.32% against the USD and closed at 1.6264. The Federal Reserve Bank of St. Louis President, James Bullard, stated that the US economic growth may not meet expectations for 1Q FY2011, … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD, on Friday and closed at 1.6316. In the UK, house prices rose by 1.7% (M-o-M) in April from 0.8% rise in the previous month. In the US, … Continue reading →

The Bank of England policy maker, Paul Tucker stated that policy makers across the world would need to deepen cooperation and share information to ensure future financial stability. Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6270. In the UK, the number of people claiming jobseeker’s allowance unexpectedly rose by 700 in March. The jobless rate unexpectedly declined to 7.8% … Continue reading →