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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.

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.

Sterling Shows Resilience in the Face of Brexit

UK pound is mostly higher today, gaining ground against its currency trading counterparts. Even though there are concerns about and exit from the European Union (called the Brexit), sterling is showing signs of life as US stocks gain ground. European markets are closed today for Easter Monday, so training is somewhat thin.

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.

UK Pound Higher, Even After Productivity Forecast Downgrade

UK pound is mostly higher today against its major counterparts, even after the Office for Budget Responsibility (OBR) cut its forecasts for productivity. However, many analysts expect that pounds to weaken in upcoming weeks and months as the Bank of England waits to raise rates until after the Brexit issue is resolved.

Sterling Falls With Stocks

UK pound is losing ground today as global stocks drop. Concerns about the UK economy also continue to weigh on the sterling.

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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