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British Pound Spikes After BoE Monetary Policy Statement

The British Pound today spiked against its main competitors after the Bank of England monetary policy statement even as the bank hinted at a less dovish outlook. The British pound rallied after the BoE’s Monetary Policy Committee maintained the rate decision and its asset purchase target at the same level, but issued a slightly hawkish economic outlook.

British Pound Rallies Against US Dollar Following UK Jobless Data

The British pound rose against the US dollar and the euro on Wednesday, to partly recover from the losses it suffered after Parliament approved Theresa May’s Brexit bill. The pound got support from a jobless data release in the United Kingdom, despite the somewhat mixed picture of the labor market that the release painted.

British Pound Hits Lowest Level in Two Months as Parliament Approves Brexit Bill

The British pound weakened against major rivals on Tuesday to touch its lowest level since January, after UK lawmakers passed a bill from the British government that paves the way for Brexit. Investors now expect that UK Prime Minister Theresa May will trigger Article 50, which starts talks of exiting the European Union, later this month.

Great Britain Pound Rallies During Monday’s Session

The Great Britain pound rallied during Monday’s trading session as traders were waiting for the news about the Brexit as well as the Bank of England and the Federal Reserve’s policy decisions scheduled to be announced later this week.

GBP/USD Rallies Briefly After Release of UK Production Data for January

The GBP/USD today tested new daily highs after the release of the UK’s production data for the month of January by the Office of National Statistics. The currency pair started the day’s session trading in a range, but rallied higher after the release of the UK’s production data, which had mixed results.

British Pound Weakens to Lowest Level in 8 Weeks Against US Dollar

The British pound declined against the US dollar on Thursday, after concerns towards Brexit returned to the market as the end of the current month is expected to be the time when the government triggers Article 50. Chancellor of the Exchequer Philip Hammond released the spring budget of the United Kingdom yesterday, which did not contain mentions of Brexit. However, investors believe that the government is preparing plans to shape the economy of the nation after departing from […]

Great Britain Pound Struggles as Brexit Uncertainty Weighs

The Great Britain pound was vulnerable on Wednesday due to Brexit uncertainties but bounced to trade near the opening level against most of its major rivals. The US dollar was an exception as against it the sterling retained losses, falling for the third day in a row.

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.

Pound Retreats as Growth of Services Sectors Slows Beyond Expectations

The Great Britain pound fell against its rivals during today’s session after growth of Britain’s services sector slowed more than analysts had anticipated to the slowest pace since September 2016.

Pound Flat as Britain’s Economic Data Mixed

The Great Britain pound was basically flat against its major peers today as reports painted a mixed picture of Britain’s economy, giving the currency no clear direction. The sterling fell for four consecutive sessions before today.

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