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Great Britain Pound Ends Friday Strong

The Great Britain pound was one of the strongest major currencies on Friday despite plenty of negative fundamentals that were weighing on the currency. Over the week, though, the sterling kept losses versus most of its major peers.

Pound Rallies Despite Housing Data and COVID-19, Tumbles on Brexit

The Sterling pound today ignored the adverse reports coming out of the UK to rally to new 3-month highs against the US dollar boosted by the upbeat investor sentiment. The GBP/USD currency pair ignored the weak housing data and posted gains as investors bought riskier assets and sold safe-haven ones.

Great Britain Pound Soft After BoE Governor Hints at Interest Rate Cut

The Great Britain pound dropped today, though by now it has managed to trim losses against some of its rivals. The main reason for the decline were comments from Bank of England Governor Mark Carney that suggested a possible interest rate cut. Continuing Brexit uncertainty was also hurting the currency.

Great Britain Pound Vulnerable Ahead of BoE Meeting on Thursday

The Great Britain pound was soft on Wednesday as traders were nervous ahead of the Bank of England policy meeting on Thursday. The currency fell against such rivals as the US dollar and the Japanese yen but managed to gain on its European peers, including the euro and the Swiss franc.

Pound Gains on Vulnerable Dollar, Falls Against Other Rivals

The GBP/USD currency pair (also know as the Cable) rallied today on the back of the US dollar’s weakness. The Great Britain pound fell against other currencies, though. In fact, there were speculations that the sterling may reach parity with the euro.

UK Economic Reports Fail to Impress, Sterling Under Pressure

The Great Britain pound dropped today as basically all reports released from the United Kingdom during the current trading session were bad and missed market expectations.

Brexit Fears & Poor Macroeconomic Data Drive Pound Down

The Great Britain pound fell today, trading near the lowest level since January 17 versus the US dollar, driven down by Brexit fears and poor macroeconomic reports.

Britain’s Pound Retreats, Finding No Support from Fundamentals

The Great Britain pound declined against most of its major rivals as economic data released over the trading session was not positive for the currency, while concerns about the Brexit erode investors’ interest in British assets.

Pound Mixed After UK Data Disappoints

The Great Britain pound fell against the euro today due to poor UK economic data and fears of the Brexit. Nevertheless, the sterling was able to gain on such major rivals as the US dollar and the Japanese yen.

Great Britain Pound Retains Weakness vs. Dollar & Yen

The Great Britain pound sank yesterday after the Bank of England made no changes to its monetary policy and UK economic data came out mixed. While the sterling erased its losses versus the euro today, the currency retained its weakness versus the US dollar and the Japanese yen.

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