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Sterling Lower After Release of BOE Minutes

Once again, the Bank of England has left rates steady, near record lows. The latest release of minutes indicates that there are still headwinds for the UK economy, and the MPC members are concerned about the possibility of an exit from the European Union (known as the Brexit). The result is a lower sterling, pretty much across the board.

Eurozone Production Drops, Bringing Euro Down

Euro is lower today, dropping following the report of the latest industrial production numbers. Some analysts have believed that the euro is overbought, especially against the US dollar, and this might be the beginning of a crash for the 19-nation currency.

Pound Rises After Inflation Report, Struggles to Maintain Gains

The Great Britain pound rose after the release of a positive inflation report from the United Kingdom today. Currently, the sterling struggles to maintain gains, backing off against its major rivals and even falling back to the opening level against the US dollar.

Sterling Trims Gains as UK Data Weighs, Rebounds

Macroeconomic indicators released from the United Kingdom today were bad across the board. This did not prevent the Great Britain pound from rising against the US dollar and the euro (though the currency slid against the Japanese yen) but made the sterling trim its gains. Currently, it looks like the sterling is going to regain its upward momentum.

Divergence, Risk Aversion Weigh on Euro

Euro is trading mixed against its major counterparts today, falling against the dollar and the yen as risk aversion continues. Many also expect to see a revival of the divergence trade between the dollar and the euro. The 19-nation currency is higher against the pound, though, as the sterling appears on the verge of collapse.

Homebuilding Data, EU Referendum Uncertainty Weigh on Sterling

After showing some strength recently, UK pound is once again on the back foot. Concerns about the latest homebuilding data are weighing on the sterling, as are worries about what will happen with the upcoming EU referendum.

Sterling Dips After Release of Markit Services PMI

The Great Britain pound dipped after the release of the report about the services sector even though the indicator has improved. Analysts explain the poor reaction of the currency by the fact that expansion of the service industries remains sluggish even after the acceleration.

Euro Upside Continues Against US Dollar

Euro continues to show resiliency, and it appears that there is the possibility of increased upside for the 19-nation currency. With the Fed backing down and the ECB largely unable to keep the euro weak, more gains could be seen in the near term.

Pound Stronger After Construction PMI

The Great Britain pound firmed today following the release of construction data that showed that the sector continues to grow, albeit not at an impressive pace.

Soft Economic Data Continues to Weigh on Sterling

Soft economic data continues to pull the UK pound down in Forex trading on the currency market. The latest PMI data is disappointing, and that is bringing the sterling down against its major counterparts on the currency market.

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