Great Britain — News Archive


GBP/USD Drops After BoE’s Dovish Comments and Neutral Outlook on UK Inflation

The GBP/USD currency pair dropped significantly during today’s session after the announcement by the Bank of England that its inflation outlook and interest rates remains the same. The currency pair started the day’s session trading sideways, but went on to lose most of its gains from the previous session as the BoE’s announcement triggered a selling frenzy around the British pound.

GBP/USD Rallies Boosted by Positive UK Manufacturing PMI Data

The GBP/USD currency pair rallied higher during the European session today as markets expected parliament to vote in favor of triggering article 50 later today. The British pound gained significantly against the US dollar despite the greenback being on a recovery path against other major currencies today.

Great Britain Pound Falls for Third Session

The Great Britain pound dropped today, extending its decline against the US dollar for the third consecutive trading session, as traders were waiting for the so-called Super Thursday.

Great Britain Pound Ends Week Strong

The Great Britain pound ended the week as the strongest major currency thanks to the UK Supreme Court ruling about the Parliament’s involvement in the Brexit process.

GBP/USD Pair Loses Momentum for the Second Consecutive Day

The GBP/USD currency pair is headed to close the markets much lower than its opening price after the British pound lost significant ground against the US dollar throughout the day. The GBP/USD currency pair has retraced much of the gains it had made earlier in the week, ahead of the first meeting between British PM, Theresa May, and US President, Donald Trump.

GBP Moves Lower vs. USD & CHF Despite Solid GDP

The Great Britain pound fell against the US dollar and the Swiss franc during the current trading session even though Britain’s economic growth was better than it had been anticipated by analysts.

GBP/USD Rallies Ahead of UK Supreme Court Ruling on Article 50

The GBP/USD opened the week on a major rally boosted by positive market sentiment towards the British pound as markets await tomorrow’s ruling by the UK Supreme Court on whether Theresa May needs the approval of parliament to trigger article 50. The strong rally in the currency pair was also triggered by negative sentiment towards the US dollar after Donald Trump assumed office on Friday.

Britain’s Pound Unable Maintain Tuesday’s Rally

The Great Britain pound was unable to maintain the Tuesday’s rally today despite better-than-expected employment data released from the United Kingdom on Wednesday.

British Pound Rallies Boosted by Theresa May’s Speech Outlining a Hard Brexit

The British pound made significant gains against major currencies as Theresa May, the UK’s prime minister confirmed that the country will opt for a hard Brexit. The British pound gained almost two cents against the US dollar and also recorded significant gains against the euro and the Japanese yen.

Pound Starts Week Sharply Lower

Fears of the “hard” Brexit continue to drive the Great Britain pound, which opened sharply lower on Monday after the weekend article from The Sunday Times.