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Mixed Employment Data Leaves Sterling Without Direction

The Great Britain pound demonstrated mixed performance today, rising against some majors, while falling versus others. That could be explained by the Wednesday’s release of employment data, which had both good and bad parts.

British Pound Rallies Against US Dollar on Positive UK Inflation Data

The British pound today rallied to new yearly highs against the US dollar after the release of headline UK inflation data, which beat expectations, early in the European session. The stronger US dollar, as tracked by the US Dollar Index, could not derail the pound’s strong rally even as US treasury yields rallied higher.

GBP/USD Rallies to New Monthly Highs on Positive UK Data

The GBP/USD currency pair today rallied to new highs after the release of positive UK industrial production data by the Office for National Statistics early in the European session. The selling tone around the US dollar also contributed to the currency pair’s rally even as the US Dollar Index hit yearly lows earlier today.

Pound Gains on Vulnerable Dollar, Falls Against Other Rivals

The GBP/USD currency pair (also know as the Cable) rallied today on the back of the US dollar’s weakness. The Great Britain pound fell against other currencies, though. In fact, there were speculations that the sterling may reach parity with the euro.

British Pound Rallies Against US Dollar Despite Weak UK PMI Data

The British pound today rallied to new highs against the US dollar despite the release of weak Markit/CIPS UK services PMI data. The cable rallied much higher after the release of disappointing US durable goods orders early in the North American session.

Pound Remains Vulnerable to Adverse Fundamentals

The Great Britain pound was vulnerable today amid the cautious market sentiment, persisting uncertainty surrounding the Brexit, and poor economic data.

Pound Finds Relief in Strong Performance of Manufacturing Sector

The Great Britain pound reversed earlier losses today thanks to the favorable manufacturing report that showed very strong performance of the sector. The currency was still under pressure from Brexit fears.

Pound Gains on Dollar, Remains Weak Against Other Majors

The Great Britain pound rose against the US dollar during Tuesday’s trading but fell against other currencies, including the euro.

Sterling Remains Vulnerable to Brexit Uncertainty

The Great Britain pound fell against the US dollar intraday but has recovered by now. The sterling was more soft against other currencies, driven down by the Brexit uncertainties.

British Pound Weakens Against US Dollar on Brexit Uncertainties

The British pound today weakened against the US dollar as it reacted to uncertainties related to the UK government’s stance on the Brexit negotiations. The pound was weakened further by a rally in the euro, which was triggered by positive Eurozone PMI data, and market expectations of a QE tapering announcement by the European Central Bank.

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