United Kingdom — News Archive


GBP/USD Tumbles to New Lows After Dovish Comments from Mark Carney

The GBP/USD currency pair today tumbled to new lows last witnessed in April due to dovish comments from Bank of England Governor, Mark Carney. The currency pair hit the new lows during the North American session after hawkish comments from FOMC members such as Eric Rosengren.

British Pound Retreats Against Major Counterparts as Brexit Talks Start

The British pound declined against most of other major currencies on Monday to begin the week on a negative note following the commencement of the Brexit negotiations. The British currency came under more pressure versus the US dollar after a Federal Reserve official offered a hawkish outlook for US interest rates.

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.

Dollar Ends Week Stronger vs. Euro & Pound, Weaker vs. Commodity Currencies

The past trading week was marked by several important events, and they were positive for the US dollar for the most part. As a result, the greenback rallied against the euro and the Great Britain pound, but was soft versus commodity currencies.

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.