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Pound Falls Against the Dollar on US-Iran Tensions and Weak UK PMI

The Sterling pound today fell against the US dollar as tensions between the US and Iran escalated overnight and investors dumped riskier assets such as the pound. The GBP/USD currency pair has given up most of the gains made in December following Boris Johnson‘s landslide election win that saw the pair spike to multi-month highs.

Pound Falls As Johnson Skips Climate Debate on YouGov Poll

The Sterling pound today traded near yesterday’s lows as the media criticised Prime Minister Boris Johnson for skipping a crucial debate on the climate crisis. The GBP/USD currency pair fell as investors sold the pound following Johnson’s recent moves that could see his popularity decline ahead of the December elections.

Pound Rallies on Positive Sentiment, Drops From Highs

The British pound today rallied higher against the US dollar in the early London session driven by positive investor sentiment despite disappointing UK mortgages data. The GBP/USD currency pair headed lower in the American session even as the UK Parliament prepared for another round of indicative votes on the current Brexit deal.

Pound Trades Sideways on BoE Credit Data Ahead of Budget Speech

The British pound today traded in a tight range against the US dollar on the latest BoE credit data even as investors await the autumn UK budget speech later today. The pound’s slight rally was supported by the improved risk sentiment among investors, which supported the cable and prevented it from falling further.

Great Britain Pound Rallies After Positive Revision to GDP

The Great Britain pound rallied today thanks to positive macroeconomic reports released in the United Kingdom. The most notable of them was the positive revision to gross domestic product.

Pound Shows Weakness Despite Supportive Domestic Data

The Great Britain pound attempted to rally today but failed. Currently, the sterling trades at the opening level against some rivals and fell far below it versus others. Thursday’s macroeconomic data was generally positive, but that did not help the currency.

Sterling Pound Declines on Weak UK Manufacturing PMI

The Sterling pound today declined significantly against the US dollar following the release of the Markit/CIPS UK Manufacturing PMI in the early European session. The pound’s decline was further accelerated by the US dollar’s recovery as it extended its gains at the start of the new month.

Pound Jumps on Interest Rate Hike Outlook

The Great Britain pound rallied today on the outlook for an interest rate hike from the Bank of England in May. Negative domestic macroeconomic data did not hurt the currency much.

GBP/USD Rallies Higher on UK Credit Data and US Dollar Weakness

The GBP/USD currency pair today rallied to new highs buoyed by US dollar weakness due to a decline in US Treasury yields and positive UK credit data. The currency pair was on a donwtrend from the Asian session to the early European session as investors reacted to political uncertainty in the UK.

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.

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