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Pound Declines Against US Dollar on Weak UK Inflation Data

The British pound today declined against the US dollar after the release of weak UK inflation data as tracked by the Consumer Price Index. The pound retraced most of yesterday’s gains as demand for the US dollar increased across the board.

US Dollar Retreats as Economic Data Reveals Signs of Lagging Inflation

The US dollar declined against the euro on Thursday following economic data in the United States that showed a small drop in prices at factory gates, which is an important indicator of inflation. The greenback also retreated against the British pound, despite the lack of positive releases in the United Kingdom today.

British Pound Swings Widely on UK Data and Chinese Rumors

The British pound today recorded wide swings against the US dollar as it dropped to 8-week lows and rallied higher on US dollar weakness. The rally was mainly triggered by rumors originating from China, but was short-lived as the pound headed lower much later.

British Pound Declines on Chaotic Cabinet Reshuffle

The British pound today registered a massive drop against the US dollar after a cabinet reshuffle by Theresa May turned chaotic. The cabinet reshuffle turned chaotic after the Education Secretary Justine Greening quit the government and Health Minister Jeremy Hunt refused to vacate his office.

British Pound Gains Against US Dollar on Positive UK and US Data

The British pound today gained ground against the US dollar amid a raft of positive UK macro releases such as the Markit/CIPS UK Services PMI. Positive releases from the US docket in the early American session could not derail the pound’s rally against the US dollar.

British Pound Falls as Construction Activity Declines in December

The British pound fell against most of its major peers on Wednesday following a fresh release that showed a drop in activity within the construction sector in the last month of 2017. The British currency further weakened against the US dollar as traders anticipated the minutes of the last Federal Open Market Committee’s meeting.

US Dollar Starts 2018 with Extreme Weakness

The US dollar started 2018 extremely week, extending the trend from 2017 and falling against all of its major rivals.

GBP Gains on USD, Falls vs. Other Rivals After Manufacturing PMI

The Great Britain pound gained on the US dollar but fell versus other most-traded currencies after the release of Britain’s manufacturing PMI.

GBP/USD Trades Sideways on Last Trading Day Before Christmas

The GBP/USD currency pair today traded mostly in a tight sideways range having rallied slightly in the early European session after the release of UK quarterly GDP data. The pair retraced some of its gains during the mid-European session, but rallied higher after the release of US personal income data for November.

British Pound Rallies Briefly on UK Public Sector Finances Report

The British pound today rallied higher against the US dollar after the release of the UK public sector finances report for November. The pound was lagging against the greenback during the Asian session due to the recovery in US Treasury yields, which slowed down the demand for the pound.

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