Pound — News Archive


GBP/USD Consolidates Gains Ahead of Brexit Negotiations

The GBP/USD currency pair today rallied higher briefly after the release of weak US consumer confidence data during the North American session. The currency pair did not build on the upward momentum established during yesterday’s session after the Bank of England took on a hawkish tone.

British Pound Reverses Decline Against US Dollar After BoE Rate Decision

The GBP/USD currency pair was on a downward trend due to the stronger US dollar, but rallied higher after the Bank of England announced its rate decision. The US dollar later gained slightly against the British pound after the release of positive US data such as the initial jobless claims.

British Pound Rallies Against US Dollar on Weak US Inflation Data

The GBP/USD currency pair rallied higher today during the North American session after the release of weak US Consumer Price Index data for the month of May. The currency pair started the European session on a downward trend after the release of weak UK average weekly earnings data, but quickly rallied higher after the release of the disappointing US data.

British Pound Climbs vs. Euro and US Dollar on Strong Inflation Data

The British pound moved higher versus the euro and the US dollar on Tuesday, driven by gains in UK inflation and home prices that were bigger than expected. However, negative producer prices data limited the pound’s climb today.

Pound Fails to Bounce After Post-Election Sell-Off

The Great Britain pound attempted to rally today, following Friday’s huge losses, but was unable to do so and is moving further down as of now.

Pound Logs Gains Ahead of Thursday’s Election

The Great Britain pound rose today even as markets remained cautious ahead of tomorrow’s general election, which may have a tremendous impact on the currency, and not necessarily a positive one.

GBP/USD Loses Ground to Test New Lows After Latest YouGov Poll

The GBP/USD currency pair today lost ground after the release of a new YouGov poll, which indicated that Theresa May‘s party might not get the necessary majority in the upcoming UK election. The currency pair began the day’s session on an upward trend before losing ground after the YouGov poll indicated that the Conservative Party would fall short of a majority by 22 seats.

Dollar Ends Week Among Weakest Currencies, Hurt by NFP

The US dollar ended the week among the weakest currencies, though not the weakest. The currency was dragged down by economic data, nonfarm payrolls in particular, which led to concerns about the outlook for Federal Reserve’s monetary policy.

GBP/USD Rebounds After NFP, Pound Stays Weak Otherwise

The Great Britain pound rebounded versus the US dollar following the release of underwhelming nonfarm payrolls. The sterling had no such luck against other peers, and in fact it dropped even further amid political uncertainty.

Pound Drops, Ignoring Positive Construction Data

The Great Britain pound dropped today even though macroeconomic data released in the United Kingdom over the current sessions was good.