Confederation of British Industry — News Archive

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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.

Sterling Remains Strongest After CBI Manufacturing Report

The Great Britain pound continued to be the strongest currency on the Forex market thanks to domestic macroeconomic data. Today, a manufacturing report from the Confederation of British Industry was the reason for the sterling’s amazing performance.

Pound Rallies as Boris Johnson Maintains Lead in Elections Race

The Sterling pound today rallied higher against the weaker US dollar as Boris Johnson held on to his lead in opinion polls ahead of the December elections. The GBP/USD currency pair rallied higher despite Johnson backtracking on his initial election pledge to cut corporate taxes.

Sterling Suffers from Rising Chances of No-Deal Brexit

The Great Britain pound slumped against all other most-traded currencies today amid concerns that chances for a no-deal Brexit increase. And a hard Brexit can deal a serious blow to Britain’s economy. The currency was trading at the lowest level in about two years.

Pound Rallies on Hopes of Avoiding No-Deal Brexit

The Great Britain pound rose against its most-traded rivals today on hopes that the country will be able to avoid hard Brexit that can cause serious damage to Britain’s economy.

May Takes Control of Brexit Talks, Pound Retreats After Initial Rally

The Great Britain pound rallied today on the news that Prime Minister Theresa May will take matters of the Brexit talks with the European Union in her own hands. But the currency was unable to hold onto gains, giving up most of them by now.

Pound Drops, Manages to Recover Against Some Rivals

The Great Britain pound fell against its major rivals today, though currently the sterling managed to erase losses against some of them. The possible reasons for the decline were the strength of the US dollar and the dovish Financial Stability Report.

Great Britain Pound Strong Ahead of Thursday’s Policy Decision

The Great Britain pound rose against its major rivals today ahead of tomorrow’s monetary policy decision. Today’s domestic macroeconomic data was positive to the currency.

Pound Falls as Optimism Caused by Strong GDP Growth Fades

The Great Britain pound fell against its major rivals (though not against the extremely weak euro) as optimism caused by yesterday’s better-than-expected economic data was replaced by caution ahead of the central bank’s meeting.

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.

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