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Accelerating Growth of UK Service Sector Helps Sterling

The UK service sector surprised analysts by growing much faster than they have anticipated. That helped the Great Britain pound to gain on its most-traded peers during the Wednesday’s trading session.

GBP/USD Declines for Second Day Triggered by Disappointing Industry Reports

The GBP/USD currency pair declined for the second day in a row after the release of the Markit/CIPS UK construction PMI, which did not meet expectations. The currency pair was also affected by the stronger US dollar given the massive buying interest in the greenback due to positive market sentiment.

Sterling Halts Decline, Gains on Euro

The Great Britain pound halted yesterday’s drop today and was even able to gain on the euro (and recently rose versus other currencies). The decline followed the formal initiation of the Brexit process.

Sterling Soft as Markets Prepare for Brexit

Markets wait for formal initiation of the Brexit process on Wednesday. The Great Britain pound fell during the current trading session due to uncertainty associated with the Brexit, but has trimmed its losses as of now.

GBP/USD Declines After Release of Positive US Economic Data

The GBP/USD currency pair declined significantly today after the release of positive advance goods trade balance and consumer confidence data from the US docket. The currency pair was also affected by the weaker British pound as markets cautiously await the triggering of Article 50 by British PM, Theresa May.

GBP/USD Rallies Ahead of Theresa May’s Triggering of Article 50

The GBP/USD currency pair rallied higher today as markets anticipate the triggering of Article 50 on Wednesday by the UK Prime Minister, Theresa May. The British pound rallied higher boosted by the positive economic data released recently in the UK, while markets ignored the uncertainty associated with the official Brexit process.

GBP/USD Rallies After Release of Strong UK Sales Data by the ONS

The GBP/USD currency pair rallied higher today after the release of strong UK retail sales data for the month of February by the Office for National Statistics. The British pound rallied higher boosted by the positive retail sales data as opposed to the weaker US dollar as investors exercised caution towards the greenback ahead of crucial House vote.

GBP/USD Consolidates Gains Made After Release of UK CPI Data

The GBP/USD today maintained the gains made after the release of UK Consumer Price Index data for February released by the Office for National Statistics, which beat expectations. The currency pair was largely unaffected by the better-than-expected US currenct account deficit.

Great Britain Pound’s Future Hangs on Inflation Data

The Great Britain pound rallied last week, not least due to Bank of England’s policy statement that was less dovish than market participants had anticipated. But will the currency be able to maintain gains amid Brexit uncertainty and fears?

Sterling Tries to Hold onto Gains Caused by BoE Statement

The Great Britain pound was mixed during Friday’s trading session, but mostly held onto yesterday’s gains caused by the unexpectedly hawkish policy statement released by the Bank of England.

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