Royal Institution of Chartered Surveyors — News Archive


Great Britain Pound Weak Ahead of BoE Meeting

The Great Britain pound traded lower ahead of Bank of England policy meeting that will occur later today. The reason for the currency’s drop was the streak of rather weak macroeconomic indicators.

Detrimental Fundamentals Don’t Deter Pound from Rising

Lately, macroeconomic fundamentals were detrimental to the Great Britain pound, but that did not prevent the currency from ending Friday with gains. In fact, the sterling reached the highest level since September 2008 against the Japanese yen.

Pound Retains Strong Upward Momentum

The Great Britain pound extended its move upward today, rising to the highest level since November against the US dollar and gaining versus the Japanese yen. Today’s economic data was supportive for the currency while yesterday’s news was not so much.

Pound Under Pressure as UK Recovery Wanes

Poor economic data was weighing on the Great Britain pound recently, and today’s trading session was not different. Housing and trade data came out worse than was expected, suggesting the Britain’s recovery is losing steam. The Bank of England remained passive at today’s policy meeting.

UK Pound Lower After Housing Data

UK home prices declined in December, once again calling into question the situation surrounding the economic recovery. Pound is lower today as a result of this disappointing news.

Mixed Data Does Not Help Sterling Define Trend

Today’s macroeconomic data from Great Britain was mixed (though without any really bad reports), leading to the rally of the pound versus the US dollar and the drop against the euro and the Japanese yen.

Pound Drops as Fundamental Data Disappoints

The Great Britain pound tumbled today as today’s macroeconomic releases were disappointing, especially to those who were bullish on the currency. Most importantly, inflation slowed more than was expected.

Pound Recovers as Optimism Returns

The Great Britain pound erased its losses versus the US dollar and rose against the Japanese yen as positive macroeconomic data revived optimism for recovery in the United Kingdom.

Pound Flat After Reports Confirm Economic Growth

The Great Britain pound was flat today after rising against the euro and the Japanese yen yesterday. The rally was caused by yet another set of good reports that confirmed the relatively healthy state of the UK economy.

UK Fundamentals Lead to Mixed Performance of Sterling

UK fundamentals were mixed today, resulting in no clear trend for the Great Britain pound. The currency rose against the US dollar, fell versus the Japanese yen and was little changed against the euro.