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Sterling Pound Falls Against the Dollar on Dovish BoE Speeches

The Sterling pound today fell against the US dollar following dovish speeches from Bank of England policymakers regarding the British economy and monetary policy. The GBP/USD currency pair kept falling despite the release of weak US jobs data as markets interpreted the BoE’s willingness to take extra easing measures negatively.

Pound Rallies on UK Manufacturing PMI and Positive Sentiment

The British pound today rallied higher against the US dollar extending yesterday’s positive momentum boosted by Boris Johnson‘s promises of more spending to boost the UK economy. The weak dollar also raised the GBP/USD currency pair as investors reacted to news that a potential coronavirus vaccine had shown positive results in early clinical trials.

Pound Rallies on Brexit Rumours Despite Weak UK Housing Data

The British pound today rallied higher against the US dollar on hopes that the UK and the Europen Union would reach a post-Brexit deal according to recent news headlines. The GBP/USD currency pair rallied to new monthly highs as investors dumped the dollar due to the ongoing violent demonstrations and the risks associated with the same.

Great Britain Pound Soft After Economic Data, PM Statement

The Great Britain pound rallied against the very weak commodity currencies but fell against majors today. The sterling was under pressure from extremely poor domestic macroeconomic data and Brexit worries but had some support from hopes for an end of the quarantine period.

Pound Soft on Contracting Construction, Carney’s Comments

The Great Britain pound was one of the weakest currencies on the Forex market during Tuesday’s trading session. The likely reasons for that were poor domestic macroeconomic data and comments from the central bank’s chief.

Pound Rallies to New Weekly Highs on Brexit Rumors and BoE Rate Decision

The British pound today rallied to new highs against the US dollar following Brexit rumors that the British PM Theresa May had signed a deal with the EU on the financial services sector. The pound was further boosted by the Bank of England‘s monetary policy decision, which helped it rally against the greenback despite mixed US macro releases.

Sterling Drops on Market Sentiment, Brexit Fears

The Great Britain pound declined today due to the negative market sentiment and concerns that the United Kingdom will leave the European Union without securing a trade deal first. The sterling was heading to weekly gains, but will likely end August with the fifth consecutive monthly drop.

British Pound Reverses Losses and Rallies on Positive Housing Data

The British pound today reversed its losses against the US dollar and rallied higher from the early European session following the release of positive UK housing data. The GBP/USD currency pair extended its rally into the mid-European session despite the release of disappointing UK Manufacturing PMI data by IHS Markit shortly thereafter.

Pound Drops, Manages to Recover Against Some Rivals

The Great Britain pound fell against its major rivals today, though currently the sterling managed to erase losses against some of them. The possible reasons for the decline were the strength of the US dollar and the dovish Financial Stability Report.

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.

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