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Pound Reverses 3-Day Rally Amid Upbeat US Manufacturing Report

The British pound today fell against the US dollar reversing all of Friday’s gains amid a lack of any major releases from the UK docket. The GBP/USD currency pair fell due to the absence of catalysts to prop up the Sterling with the pair’s performance being driven largely by investor sentiment.

British Pound Extends Gains Following Carney’s Upbeat Speech

The Sterling pound today rallied higher against the US dollar following Mark Carney‘s speech at a press conference following the release of the UK’s financial stability report for July. The GBP/USD currency pair rallied higher driven by the greenback’s overall weakness as markets continue to price-in future rate cuts by the US Federal Reserve.

US Dollar Ends Week Weakest Courtesy of Dovish Fed

The US dollar ended the past trading week as the weakest currency on the Forex market. The Federal Reserve monetary policy meeting was the major event affecting the greenback during the week, though plenty other events that were affecting other currencies.

Sterling Rallies on USD Weakness, Falls on Dovish BoE Decision

The British pound today fell from its daily highs in the mid-London session following the dovish outlook painted by the Bank of England following its rate decision. The GBP/USD currency pair had rallied to its daily highs earlier in the session by riding on the wave of broad US dollar weakness following yesterday’s dovish FOMC statement.

Pound Rallies After UK Inflation Meets Consensus Estimates

The British pound today rallied higher in the early London session following the release of the latest UK inflation data, which was in line with consensus estimates. The GBP/USD currency pair extended yesterday’s gains and rallied into the American session to print new weekly highs driven by positive investor sentiment.

Pound Rallies on Upbeat Jobs Data Amid Leadership Concerns

The British pound today rallied higher following the release of upbeat UK jobs data in the early London session despite the political uncertainty in the country. The GBP/USD currency pair’s rally was limited by investor fears that a pro-Brexit leader could succeed Theresa May as Prime Minister and push for a hard Brexit.

Pound Soft After Mixed Employment Data

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.

British Pound Drops Despite Balanced BoE Interest Rate Decision

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.

Sterling Pound Drops on BoE Rate Decision and Brexit Headlines

The Sterling pound today fell to new lows against the US dollar as it was buffeted by negative Brexit headlines from the early London session. The GBP/USD currency pair later fell to new record lows on rumors that the EU will allow an extension of Article 50 up to May 22, which is quite short.

British Pound Declines on Brexit Cloud Amid Strong US ISM Data

The Sterling pound today fell against the US dollar despite the release of an upbeat fundamental print from the UK docket. The GBP/USD currency pair was weighed down by the looming Brexit deadline, which is just 24 days away with little sign of a deal being signed within the time left.

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