Pound — News Archive


Britain’s Pound Unable Maintain Tuesday’s Rally

The Great Britain pound was unable to maintain the Tuesday’s rally today despite better-than-expected employment data released from the United Kingdom on Wednesday.

British Pound Rallies Boosted by Theresa May’s Speech Outlining a Hard Brexit

The British pound made significant gains against major currencies as Theresa May, the UK’s prime minister confirmed that the country will opt for a hard Brexit. The British pound gained almost two cents against the US dollar and also recorded significant gains against the euro and the Japanese yen.

Pound Starts Week Sharply Lower

Fears of the “hard” Brexit continue to drive the Great Britain pound, which opened sharply lower on Monday after the weekend article from The Sunday Times.

Dollar Ends Broadly Lower

The US dollar ended the week broadly weaker against other major currencies as markets were disappointed by the first press conference of Donald Trump as a president.

Great Britain Pound Halts Decline After Optimistic Speech from Michael Saunders

The Great Britain pound rose today (though the gains were very limited) following the rather optimistic speech from Michael Saunders, Bank of England policy maker.

British Pound Falls as Traders Anticipate Theresa May’s Speech

The British pound moved lower on Thursday on increased concerns about a speech British Prime Minister Theresa May will give next week. Traders worried that May’s speech, which was announced today, will suggest a hard Brexit for the United Kingdom.

British Pound Drops to Lowest Level in Almost 3 Months

The British pound declined on Wednesday, as traders felt more anxious about the future road of Brexit. Recent comments from UK Prime Minister Theresa May increased fears of a hard Brexit and overshadowed strong economic data.

Theresa May Claims Markets Misinterpreted Her Words, Pound Stays Weak

The Great Britain pound remained weak during the current trading session following yesterday’s comments from Britain’s Prime Minister Theresa May even though she claimed that media misinterpreted her words.

Prime Minister’s Comments Drive Sterling Down

The Great Britain pound fell against its most-traded peers, dropping to the lowest level since October against some rivals, during Monday’s trading as comments from Britain’s Prime Minister Theresa May fueled concerns about the “hard” Brexit.

British Pound Rises Against US Dollar on Positive Economic Data in the UK

The British pound had some minor gains against the dollar on Wednesday, while remaining largely unchanged against the euro. The British currency benefited from fresh data that showed improving construction sector and higher consumer credit in the United Kingdom.