Office for National Statistics — News Archive


Pound Rallies on Upbeat UK Jobless Claims Data, Later Heads Lower

The Sterling pound rallied to new 34-month highs against the dollar boosted by the British government’s 4-step reopening plan, which could boost the UK’s economic recovery. The GBP/USD currency pair was also boosted by the drop in the UK unemployment numbers recorded in January. The number of jobless claims fell, indicating that the economy was doing good.

Pound Rallies Despite Weak UK Retail Sales as COVID-19 Infection Rate Falls

The Sterling pound rallied to new highs despite the disappointing UK retail sales data released earlier today that almost derailed its rise, but the bulls prevailed. The GBP/USD currency pair rallied to new 34-month highs driven by the declining UK coronavirus infection rates and optimism about the country’s reopening.

Sterling Falls Despite Upbeat UK Inflation As Dollar Rallies on Stimulus Hopes

The Sterling pound fell against the dollar despite the release of upbeat UK inflation data as the greenback remained supported by the rising US Treasury yields. The GBP/USD currency pair fell from fresh 34-month highs hit yesterday as the dollar continued to benefit from the $1.9 trillion US stimulus package’s broad expectations.

Pound Falls Against Dollar Despite Upbeat UK GDP Data, Rallies Briefly

Today, the Sterling pound fell against the dollar despite the release of upbeat UK macro data as investor sentiment towards the pound remained bearish. The dollar’s recovery also fueled the GBP/USD currency pair’s decline as investors remained cautious about the UK-EU Northern Ireland border standoff.

Pound Falls Then Rallies on Upbeat UK Jobs Data and Risk-On Mood

The Sterling pound initially fell against the dollar due to the prevailing risk-off market sentiment but later rallied on upbeat UK jobs data and a shifting mood. The GBP/USD currency pair later recouped all its earlier roses and printed new daily highs as the greenback fell amid a spike in investor risk appetite.

Pound Falls on Weak UK Retail Sales, PMI Data, and PM Johnson Speech

The Sterling pound today fell against the dollar amid a deluge of disappointing UK macro reports that painted a discouraging picture of the country’s economy. The GBP/USD currency pair was also weighed down by the prospect of the UK coronavirus lockdown measures being extended for more months.

British Pound Falls on Weak UK Macro Reports, Despite Upbeat GDP Data

The Sterling pound today fell against the dollar despite the release of the upbeat UK GDP growth monthly estimate as other key macro indicators missed expectations. The GBP/USD currency pair fell as the dollar inched higher, and UK manufacturing data painted a bleak picture of the country’s economic recovery.

Pound Falls on Brexit Uncertainty As Talks Reach Critical Phase

The Sterling pound today fell against the dollar buffeted by Brexit headlines with both sides are working on getting a deal but preparing for a no-deal Brexit scenario. The GBP/USD currency pair completely ignored the release of the upbeat UK retail sales report as Brexit news remained the dominant factor fueling the pair’s price.

Pound Crashes Against Dollar on Brexit Talks Failure and Mixed UK Data

The Sterling pound today fell against the dollar fueled by news that there was no breakthrough in yesterday’s Brexit talks between the EU and UK leaders. The GBP/USD currency pair’s decline was also fueled by the mixed UK data released earlier today and the predominantly negative investor sentiment.

Pound Rallies on Upbeat UK Retail Sales Data, Brexit Talks Progress

The British pound today surged higher against the US dollar boosted by the upbeat UK retail sales data, which beat analysts expectations by a wide margin. The GBP/USD currency pair’s rally was also fueled by investor optimism regarding the post-Brexit trade talks ahead of the rapidly approaching December 31st deadline.