Andy Haldane — News Archive

    Archives

Sterling Inches Higher Against the Dollar on Sentiment, Fed Decision

The Sterling pound today inched higher against the US dollar for the ninth consecutive session as investors remained worried about the rising coronavirus cases in the US. The GBP/USD currency pair today broke out of an initial trading range during the Asian session and headed higher boosted by positive UK releases.

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.

Pound Drops on Brexit and Political Jitters Amid BoE Speeches

The British pound today declined slightly against the US dollar even as Brexit jitters continued to weigh down the cable. The pound was further affected by the DUP’s resistance to the current Brexit deal given that Theresa May needs the 10 votes from DUP members led by Arlene Foster in order to have a majority in the House of Commons.

British Pound Rallies on Brexit Progress Despite Weak UK Macro Data

The British pound today rallied higher against the US dollar from the early European session as it emerged that the European Union and the UK were about to reach a Brexit deal. The GBP/USD currency pair was further boosted by the fact that the US warned China against devaluing its currency, which did not favor the greenback.

Sterling Pound Rallies Higher on BoE’s Hawkish Interest Rate Decision

The British pound today rallied higher against the US dollar after the Bank of England announced its monetary policy decision with more members than before voting for a rate hike. The pound had traded lower following the release of the disappointing UK public sector finances report for May early in the European session.

Pound Declines on UK Jobs Report, Recovers on BoE Speeches

The British pound was on a downtrend against the US dollar from the Asian session, but its decline accelerated after the release of the UK labour market report. The pound recovered some of its losses after the hawkish tone outlined by Bank of England policymakers before the UK Parliament’s Treasury Committee.

British Pound Weakens Against US Dollar After Disappointing Week

The British pound today weakened against the US dollar during the early North American session as the greenback opened strongly against most of its peers. The British pound was on a downward trend during the late Asian session and early European session, before retracing some of its loses during the mid-European session.

British Pound Climbs as Carney Says Bank of England May Discuss Higher Rates Soon

The British pound surged against most of its major peers on Wednesday, reaching the highest level against the US dollar since June 8. The British currency rose following bullish comments from Bank of England Governor Mark Carney this afternoon, which took the market by surprise.

Pound Rises on Interest Rate Hike Speculations

The Great Britain pound rose today as hawkish comments from policy makers led to speculations about interest rate hikes from the Bank of England in the foreseeable future.

British Pound Steadies, Shows Little Reaction to Positive Manufacturing Data

The British pound traded within a tight range against the euro and the US dollar on Thursday after erasing some of the gain it posted on Wednesday. Comments made by an official from the Bank of England pushed the British currency higher yesterday, despite lingering concerns about ongoing Brexit negotiations with the European Union.

Navigation

Menu