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Great Britain Pound Stable After GDP, Other Economic Indicators

The Great Britain pound was about flat against other major currencies and trimmed losses versus commodity currencies today after the release of a bunch of macroeconomic indicators in Britain. The data was not extremely positive, but apparently, markets considered it to be good enough to support the sterling.

Great Britain Pound Soft After BoE Governor Hints at Interest Rate Cut

The Great Britain pound dropped today, though by now it has managed to trim losses against some of its rivals. The main reason for the decline were comments from Bank of England Governor Mark Carney that suggested a possible interest rate cut. Continuing Brexit uncertainty was also hurting the currency.

Pound Down on Economic Data & UK Politics, Attempts to Rebound

The Great Britain pound crashed today as the combination of negative macroeconomic indicators and continuing political turmoil in the United Kingdom was dragging the currency down. Currently, though, the sterling has managed to bounce, trimming its losses versus most rivals and even gaining on the very weak euro (though currently it is trading about flat versus the shared eurozone currency).

Great Britain Pound Falls with Retail Sales

The Great Britain pound was weak on Tuesday amid risk aversion on the Forex market. Domestic macroeconomic data was not doing the sterling any favors either.

Sterling Weakest on Forex After String of Bad PMIs

The Great Britain pound was the weakest major currency on the Forex market today. The main reason for that was the string of bad PMI reports, which led to concerns that Britain’s economic growth slowed in the second quarter of 2019.

Pound Rallies as Theresa May Meets Jeremy Corbyn

The Great Britain pound gained on most other major currencies today as British Prime Minister Theresa May was meeting with opposition Labour leader Jeremy Corbyn.

Sterling Rallies as Theresa May Changes Stance

The Great Britain pound gained against its major rivals today as British Prime Minister Theresa May changed her stance regarding the no-deal Brexit and delay for Britain’s separation from the European Union.

Pound Soft After Services PMI Falls Unexpectedly

The Great Britain pound was soft today after Britain’s services sector demonstrated surprisingly poor performance, expanding at the slowest rate in two-and-a-half years. Positive retail sales data was not able to offset the impact of the negative report.

Pound Drops on Brexit Fears & Negative Data, Bounces Later

The Great Britain pound behaved similarly to the Australian dollar and several other currencies, falling intraday but rising later. Negative macroeconomic data was likely responsible for the initial drop, though the Brexit fears also likely played a role.

Pound Strengthens as Shop Prices Show End of Deflation

The Great Britain pound was relatively strong today as data showed that shop prices showed inflation for the first time in more than five years. The Brexit fears were still weighing on the currency.

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