The ascending trend on the Great Britain pound versus the Australian dollar currency pair ended, but the bulls still guard their gains.
Great Britain Pound GBP
Detailed information and fundamental factors
Central Bank: Bank of England
Interest Rate: 0.75%
Public Debt to GDP Ratio, 2017: 90.4%
Trade Balance, 2017: -$166 bln.
Inflation, 2017: 2.6%
Supporting Factors
Global reserve currency
medium
Currency of international trade
weak
Factors of Weakness
United Kingdom's exit from the European Union
strong
The Great Britain pound sterling (usually called simply “pound” or “sterling”) is the currency used in the United Kingdom and in British territories. Banknotes were introduced following the creation of the Bank of England in 1694, but the history of the currency can be traced long before that, making the pound the oldest world currency that is still in use. The sterling was the most important currency in the world before the World War I. After the World War II had broken out, several countries (for the most part those that belonged to the British Empire) either introduced the pound as their own currency, or pegged their currencies to the sterling. These countries have become know as the sterling area. The importance of the UK currency and the sterling was diminished after the pound was allowed to float freely in 1972. Subsequently, the role of the major world medium of exchange passed to the US dollar. It is still the fourth most traded currency after the dollar, the euro and the yen. The pound is also used as a reserve currency.
Great Britain Pound News Archive
Bulls Still Won’t Give Up on GBP/AUD
May 22, 2019 at 6:36 Australian Dollar, Great Britain Pound, Technical Analysis
Sterling Rallies As PM May Offers Second Referendum, Later Falls
May 21, 2019 at 17:18 Great Britain Pound
The British pound today rallied higher after news emerged that the British Prime Minister Theresa May would offer MPs a chance to vote for a second referendum. The GBP/USD currency pair rallied from news 3-month lows triggered earlier in the day after the opposition Labour Party confirmed that it would vote against PM May’s latest Brexit deal.
Pound Crashes to 4-Month Lows As Brexit Talks End Without a Deal
May 17, 2019 at 13:58 Great Britain Pound
The Sterling pound today fell to new 4-moth lows against the US dollar as cross-party Brexit talks collapsed ahead of Theresa May’s impending resignation. The Labour Party officially called off the talks saying that there was no need to negotiate with a government that was about to collapse.
Pound Soft After Mixed Employment Data
May 14, 2019 at 20:15 Great Britain Pound
The Great Britain pound was generally soft today, dragged down mostly by the market sentiment. Domestic employment data was mixed, providing both positive and negative surprises, and therefore giving no help for the currency in finding direction.
Pound Declines on Market Sentiment, Brexit Uncertainties
May 13, 2019 at 21:38 Great Britain Pound
As many other currencies, the Great Britain pound declined on Monday. While the negative market sentiment was the major reason for the decline, domestic news was not good as well.
British Pound Trades Sideways Despite Upbeat UK GDP Data
May 10, 2019 at 13:28 Great Britain Pound
The British pound today traded sideways against the US dollar despite the release of upbeat UK GDP data in the early London session. The GBP/USD currency pair kept trading in a tight range for the second straight session despite the release of multiple upbeat UK macro prints.
Pound Drops on Brexit News, Rallies on Weak US Services PMI
May 3, 2019 at 15:37 Great Britain Pound
The Sterling pound today fell to its daily lows in the early London session after it emerged that the UK government had made little progress in cross-party Brexit talks. The GBP/USD currency pair later rallied higher in the American session following the release of weak US non-manufacturing/services PMI and ignored the upbeat US jobs data.
The Bulls Are Still in Charge on GBP/AUD
May 3, 2019 at 6:16 Australian Dollar, Great Britain Pound, Technical Analysis
Last month, the Great Britain pound vs. the Australian dollar looked as if it was poised for a drop, but now it seems that the bulls are the ones who manage things.
British Pound Drops Despite Balanced BoE Interest Rate Decision
May 2, 2019 at 16:14 Great Britain Pound
The British pound today fell against the US dollar after the Bank of England left its monetary policy unchanged and exhibited confidence in Britain’s economy. The GBP/USD currency pair had rallied higher earlier today amid rumors that Theresa May was willing to relax her tough stand on a customs union with the EU in order to get her Brexit deal done.
Pound Posts Gains Despite Brexit Pessimism and Upbeat US GDP
April 26, 2019 at 15:00 Great Britain Pound
The Sterling pound today traded mostly sideways against the US dollar as it solidified gains made from yesterday’s 10-week lows as the Brexit impasse continued. The GBP/USD currency pair dropped lower following the release of US Q1 GDP data before quickly reversing the losses and printing new daily highs driven by positive investor sentiment.