Chartered Institute of Purchasing and Supply — News Archive


Great Britain Pound Sinks on Extremely Poor PMIs

The Great Britain pound was the worst-performing major currency today, falling against all other most-traded rivals. The currency was heading to the biggest weekly loss in almost three weeks. The reason for the poor performance were extremely poor PMI figures, which made economists speculate that Britain’s economy will face a contraction in the fourth quarter of this year.

Britain’s Sterling Falls Following Decline of Manufacturing Index

The Great Britain pound traded widely lower today after the UK manufacturing index touched the lowest level in three months.

Sterling Shows Resilience in Face of Poor Data from Britain

The Great Britain pound rallied today against some of its major rivals, though not against the euro, even as macroeconomic data released in the United Kingdom over the trading session was rather poor.

Pound Pares Gains Caused by Better-Than-Expected Manufacturing PMI

The Great Britain pound gained today, propelled higher by a better-than-expected manufacturing report, but has lost most of its gains by now.

Pound Extends Move Down During Wednesday’s Trading

The Great Britain pound extended its move down today, reaching the lowest level since April against the US dollar and the lowest since October 2014 versus the Japanese yen.

Pound Ignores Supportive Construction Data

The Great Britain pound fell today, extending its decline versus the US dollar for the sixth consecutive trading session. The construction report released from the United Kingdom today was solid, but the currency shrugged off the supportive data. At the same time, the sterling managed to outperform the extremely soft euro.

Great Britain Pound Holds onto Gains vs. Dollar, Lower vs. Yen

The Great Britain pound lost some of its gains against the US dollar today, though not all of them, after the UK manufacturing index came out lower than market expectations. The sterling was falling against other major peers, including the Japanese yen.

GBP Edges Higher vs. JPY as UK Services PMI Improves

The Great Britain pound gained against the Japanese yen but remained flat against the US dollar during the current trading session. The currency got support from the report that showed an improvement of the services sector.

Pound Gains as Construction Accelerates

The Great Britain pound gained today after a report showed that UK construction accelerated last month, adding to positive data released earlier this week.

GBP Falls for Ninth Session vs. USD

The Great Britain pound dropped for the ninth consecutive day against the US dollar today. The currency was dragged down both by domestic reports and news from abroad.