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Great Britain Pound GBP

 

Detailed information and fundamental factors

Central Bank: Bank of England

Interest Rate: 0.10%

Public Debt to GDP Ratio, 2017: 90.4%

Trade Balance, 2018: -$41.3 bln.

Inflation, 2019: 1.7%

Sovereign Credit Ratings:

Fitch
AA
Negative
Moody's
Aa2
Negative
S&P
AA
Negative

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

GBP/CAD Might Be Set for 1.6724

The Great Britain pound versus the Canadian dollar currency pair seems to be under bearish command. Do the bulls have any chance of getting into the scene in the near future?

Pound Tumbles on Brexit Hurdles as UK Reiterates Hardline Stance

The Sterling pound today fell against the US dollar reversing most of yesterday’s gains as the British government reiterated its hardline stance on the December deadline. Investors sold the GBP/USD currency pair amid despair at the lack of progress, which increases the likelihood of the UK not signing a trade deal with its largest trading partner.

Great Britain Pound Gains on Majors, Falls vs. Commodity Currencies

The Great Britain pound gained on its major rivals but fell versus commodity currencies amid risk appetite prevailing during today’s trading session. News from the United Kingdom itself was relatively good as well, with retail sales improving slightly and the central bank refraining from promising negative interest rates.

Bulls Back on GBP/USD from 1.2305?

The Great Britain pound versus the US dollar currency pair seems to be trying to rotate towards higher prices. Are the bears waiting for better prices, or the bulls already started a rise?

Pound Falls on Weak UK Retail Sales Data and Risk-Off Sentiment

The Sterling pound today fell against the US dollar following the release of disappointing UK retail sales data in the early London session. The GBP/USD currency pair’s decline was further fueled by the risk-off market sentiment as investors priced-in various global risks.

Price Sent by the Bears at 1.7000 on GBP/CAD

The Great Britain pound versus the Canadian dollar currency pair is at the 1.7000 psychological level. Is there a chance for the bulls to stop the bears in their tracks?

British Pound Mixed on Sliding Inflation, First-Ever Negative-Yielding Bond

The British pound is trading mixed against its G10 currency competitors midweek as investors comb through the influx of April inflation data. For the first time in the nation’s history, the United Kingdom sold a negative-yielding bond, meaning that the government is being paid to borrow. In the post-Coronavirus economy, this might be the new norm for a myriad of nations around the world.

Pound Rallies Higher on Mixed Jobs Data and Upbeat Investor Sentiment

The British pound today rallied higher against the US dollar extending yesterday’s gains driven by positive investor sentiment and the mixed UK jobs data. The GBP/USD currency pair today posted gains after the release of the latest jobs data showing a better than expected unemployment rate.

GBP/USD Bounced from 1.2092

The Great Britain pound versus the US dollar currency pair corrected from the 1.2100 area. Is this a simple correction of the downwards movement, or is it a bullish comeback?

Pound Spikes Higher as UK GDP Beats Estimates Despite COVID-19

The Sterling pound today spiked higher against the US dollar after the release of multiple positive UK fundamental reports including positive GDP data earlier today. The GBP/USD currency pair rallied higher as investors reacted to the positive reports, which indicated that the British economy fared surprisingly better than expected during Q1 2020.

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