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Great Britain Pound Near Opening After Poor Services PMI

The Great Britain pound was falling today and continued to decline after the poor report about the UK services sector. Yet now the currency has reversed its movement and trades close to the opening level.

Pound Goes Down as UK Manufacturing PMI Revised Lower

The Great Britain pound moved lower against its major rivals during Monday’s trading as the nation’s manufacturing sector contracted in July even more than had been previously estimated.

Strong Data Can’t Help UK Pound

UK pound is struggling today against its major counterparts, even though recent data has been so positive. With concerns about the upcoming Bank of England meeting and fall out from the recent Brexit vote, it’s clear that the focus isn’t on the most recent data reports.

UK Pound Plunges on Latest PMI Reading

Thanks to the Brexit vote, confidence in the UK economy is poised for big losses. The latest PMI reading — a special reading by Markit — indicates that things could be headed for trouble. Sterling is dropping dramatically on the news, losing ground to its major counterparts.

Sterling Jumps After BoE Delays Monetary Easing

The Great Britain pound climbed today after the Bank of England surprised markets, leaving its monetary policy unchanged.

Great Britain Pound Jumps as Markets Welcome New Prime Minister

The Great Britain pound jumped today as the market sentiment continued to improve following the news about Britain getting a new Prime Minister. The currency demonstrated the biggest one-day gain since the huge drop after the Brexit vote.

Forecast for Sterling Bearish due to Outlook for BoE Decision

Things were not looking good for the Great Britain pound after the Britons had decided to the leave the European Union, and nothing has changed yet. In fact, the bearish outlook gains strength.

Pound Bounces as Theresa May Remains Single Candidate for PM

The Great Britain pound bounced during the American trading session as one of the contenders for the Prime Minister seat has exited the race, leaving just one candidate for the office. This reduced political uncertainty in the country that is getting ready for leaving the European Union.

Sterling Drops as Traders Brace for Easing from Bank of England

The Great Britain pound fell against the US dollar and the euro during the current trading session as market participants were betting on monetary easing from the nation’s central bank at this week’s policy meeting.

Great Britain Pound Touches Fresh Multi-Year Lows

The Great Britain pound sank to new multi-year lows today as Britain’s decision to leave the European Union made investors shun the currency.

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