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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.

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.

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.

Pound Stable After Mixed Data

The Great Britain pound was little changed today as Thursday’s economic data released from the United Kingdom was mixed, allowing the currency to stabilize after the earlier drop but not providing enough support to initiate a rally.

Pound Stabilizes as Retail Sales Beat Expectations

The Great Britain pound stabilized today following yesterday’s losses. One of the possible reasons for the decent performance was the better-than-expected retail sales report.

Pound Continues to Move Lower Against Dollar

The Great Britain pound continued to move lower against the US dollar today after demonstrating the biggest one-day loss since February yesterday. Surprisingly enough, the currency performed even worse than the euro.

Great Britain Pound amid Political Turmoil

The Great Britain pound fell today as the split in the ruling Conservative party led to concerns that Prime Minister David Cameron may have problems in holding his party together in voting for staying in the European Union.

Pound Ends Trading with Gains

The Great Britain pound has ended today’s trading with gains against its most-traded rivals after the release of domestic economic reports that were relatively good.

Pound Rises vs. Euro, Loses Gains vs. Dollar

The Great Britain pound rose against the euro today with the help of a relatively positive manufacturing report. The currency was less successful against the dollar, losing initial gains and falling below the opening level.

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