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The Great Britain Pound Drops Despite Positive News Headlines

The Great Britain pound was extremely weak today, falling against all other major currencies, even the Australian and New Zealand dollars, which were recovering after the losses they have posted earlier this week. Analysts say, though, that the gains of the Australian and New Zealand currencies were just a result of a short-covering rally, which is not likely to last long. As for the sterling, it performed poorly this week, […]

Sterling Inches Higher Against the Dollar on Sentiment, Fed Decision

The Sterling pound today inched higher against the US dollar for the ninth consecutive session as investors remained worried about the rising coronavirus cases in the US. The GBP/USD currency pair today broke out of an initial trading range during the Asian session and headed higher boosted by positive UK releases.

Pound Falls on Weak UK Retail Sales Data and Risk-Off Sentiment

The Sterling pound today fell against the US dollar following the release of disappointing UK retail sales data in the early London session. The GBP/USD currency pair’s decline was further fueled by the risk-off market sentiment as investors priced-in various global risks.

Pound Rallies on Upbeat UK GDP Report, Falls Ahead of Brexit Vote

The Sterling pound today inched higher against the US dollar boosted by the release of the upbeat UK Q3 GDP data in the early London session. The GBP/USD currency pair barely reacted to the appointment of a new Bank of England Governor, which was expected by most analysts and investors.

Pound Falls as Investors Take Profits Ahead of Key Brexit Vote

The Sterling pound today fell against the US dollar as investors closed most of their profitable trades ahead of a crucial vote on the Brexit deal later today. The GBP/USD currency pair fell to its daily lows in the early American session before bouncing back as the vote drew closer.

Pound Rallies on UK Supreme Court Decision and Brexit Optimism

The British pound today rallied higher in the early London session after the UK Supreme Court ruled that the proroguing of the UK Parliament was unlawful. The decision provided a massive boost to the GBP/USD currency pair as investors became hopeful that a hard Brexit could be avoided if Parliamentary sessions resume.

Pound Falls on Political Uncertainty and Weak UK Data, Later Rallies

The British pound today fell to its daily lows in the mid-London session as investors reacted to the release of the weak UK public sector finances data. The GBP/USD currency pair was also weighed down by the political uncertainty in the UK as investors deal with the prospect of a hard Brexit.

British Pound Trades Sideways Despite the Positive UK GDP Data

The British pound has traded in a wide range against the US dollar during today’s session as the bears and the bulls fought for control over the currency’s price direction. However, neither camp was winning after the release of positive UK quarterly GDP data accompanied by disappointing public borrowing data.

British Pound Struggles as Markets Await May-Juncker Meeting

The British pound today struggled to find direction as investors adopted a wait and see approach towards the cable even as Theresa May is set to meet Jean-Claude Juncker later today. The pound was relatively stable as it appears that the British Prime Minister has managed to fend off a leadership challenge within her own party from Brexiteer MPs.

Pound Drops on Failed Brexit Summit Amid Resurgent US Dollar

The British pound today dropped to new lows today following the failed Brexit summit in Salzburg where the EU rejected Britain’s Chequers Plan. The GBP/USD currency pair was further weighed down by the US dollar’s recovery, which drove the cable lower.

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