Pound — News Archive


Pound Higher vs. Dollar on UK Services PMI, Fails to Beat Yen

The Great Britain pound rallied against the US dollar for the fourth straight trading session, reaching the highest level in month and a half, after the UK services sector demonstrated a strong bounce last month. The currency was mostly higher against other majors as well but fell versus the Japanese yen, ending its four-day streak of gains.

Pound Little Changed After UK Construction PMI Improves

Today, yet another macroeconomic indicator added to evidences of an improving economy in the United Kingdom. Unlike yesterday though, the Great Britain pound demonstrated anemic reaction to positive news.

UK Pound Climbs with Help from Manufacturing

The Great Britain pound rallied today, boosted by the surprisingly strong manufacturing sector, reaching the highest level in about a month against some of its major rivals.

Housing Market Helps UK Pound Today

A rebounding housing market is helping the UK pound today. Sterling is higher against some of its major counterparts, even though the long-term expectations are for a downside, due to continued Brexit concerns.

UK Pound Continues to Struggle on Brexit Fallout

Even though the UK economy hasn’t seen dramatically weak results since the Brexit vote, there are expectations that things could change in the coming months and years leading up to the actual “divorce” from the eurozone. Right now, comments from an economist are weighing on the sterling.

Dollar Ends Week with Gains, Supported by Yellen

The US dollar ended the week with gains against most major currencies (but not versus the Great Britain pound). The reason for the good performance was the outlook for monetary tightening, supported by comments from Fed Chair Janet Yellen.

Pound Firm During Tuesday’s Trading

The Great Britain pound was relatively firm during the Tuesday’s trading session. Analysts offer various explanations for the currency’s good performance.

Pound Ends Friday with Losses

The Great Britain pound ended Friday with losses amid speculations that the United Kingdom may start the process of leaving the European Union in the first half of 2017, ahead of the important elections in Germany and France.

Pound Rises with Strong Retail Sales

The Great Britain pound gained today with the help of surprisingly strong retail sales. It was just another evidence that the Brexit had no impact on Britain’s economy, at least not yet.

Pound Jumps with Improving Economic Indicators

The Great Britain pound jumped today as macroeconomic data released from the United Kingdom suggested that the impact of the Brexit had not yet hit the nation’s economy.