For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD on Friday and closed at 1.6076. BoE Governor King stated that leading nations must agree on a “grand bargain” to rebalance the world economy to prevent the … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.90% against the USD and closed at 1.6054. BOE kept its benchmark interest rate at record low as policymakers decided to sideline concerns on increasing inflation pressures so as to support … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.6200. In the UK, goods trade deficit narrowed to £7.06 billion in January from £9.69 billion in December. The pair opened the Asian session … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.24% against the USD and closed at 1.6162. In the UK, BRC Shop Price Index rose to 2.7% (M-o-M) in February compared to 2.5% in January. The pair opened the Asian … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.47% against the USD and closed at 1.6201. Dallas Fed President, Richard Fisher, stated that the Federal Reserve has done enough to get the economy back on solid footing and now … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.01% against the USD on Friday and closed at 1.6271. In the US, factory orders rose by 3.1% (M-o-M) in January from upwardly revised 1.4% the previous month, beating market expectations. … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.34% against the USD and closed at 1.6270, amid weak UK services sector data that dampened expectations for a near term rate hike by the BoE. In the UK, services PMI … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.6326. In the UK, construction PMI rose to 56.5 in February compared to 53.7 in January. In the US, private sector employment increased by … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.05% against the USD and closed at 1.6260. Fed Chairman Ben Bernanke asserted that US recovery is not established until there is sustained jobs growth. In the UK, M4 money supply … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.94% against the USD and closed at 1.6268, stoked by expectations that inflation may force the BoE to act sooner than expected. The pair opened the Asian session at 1.6268, and … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.15% against the USD on Friday and closed at 1.6117. In the UK, fourth quarter GDP contracted by 0.6% (Q-o-Q). Additionally, the GDP grew 1.5% (Y-o-Y) in 4Q FY2010. Total business … Continue reading →