GBP/JPY — News Archive

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British Pound Declines Against US Dollar on Strong Housing Data

The British pound today declined against the US dollar after the release of positive US housing starts and building permits data. The GBP/USD currency pair reversed all its earlier gains made during the early European session after an initial decline triggered by uncertainties regarding the ongoing Brexit negotiations.

British Pound Declines Against US Dollar on UK Labour Report

The British pound today briefly rallied higher against the US dollar after the release of the UK employment data by the Office for National Statistics, which beat expectations. However, the rally was short-lived as the GBP/USD currency pair retraced all its gains within the same hour as markets reviewed the labor report.

GBP/USD Tumbles to New Lows on Soft UK CPI Data

The GBP/USD currency pair today tumbled to new lows after the release of soft UK CPI data by the Office for National Statistics early in the European session. Today’s decline extends the pound’s drop for the second consecutive session this weak after yesterday’s massive drop occasioned by news of a leadership crisis in the UK.

Pound Slides as Theresa May Faces Fresh Challenges to Leadership

The Great Britain pound fell today, losing 100 pips against the US dollar intraday. The sterling’s performance against other majors was no better. The main reason for the drop was political turmoil in Britain.

GBP/USD Trades Higher on Upbeat UK Trade Balance Data

The GBP/USD currency pair today rallied slightly higher after the release of upbeat UK trade balance data by the Office for National Statistics. The pair opened the European session trading in negative territory, which was quickly reversed after the release of the positive UK manufacturing data.

Pound Crashes After Dovish Hike by BoE

The Bank of England hiked its main interest rate for the first time in a decade as was widely expected, but markets considered the hike to be a dovish one. The Great Britain pound crashed as a result, falling more than 1% against its most-traded peers.

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.

UK GDP Surprises to Upside, Pound Climbs

The Great Britain pound climbed today following the report that showed that Britain’s economy grew last quarter faster than economists had expected, solidifying the case for an interest rate hike.

British Pound Declines Against US Dollar as Brexit Worries Persist

The British pound was today on a downtrend against the US dollar even as Brexit worries remained the main driver behind the currency’s movement. The pound weakened against the US dollar on the back of comments made by Donald Tusk who said that the UK government could reverse Brexit if they so wanted.

Japanese Yen Opens Sharply Lower After Abe Secures Power

The Japanese yen opened sharply lower today after the ruling coalition won the snap general election over the weekend, preserving status quo and making it sure that the current ultra-loose monetary policy stays in place.

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