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Pound Rises After Inflation Report, Struggles to Maintain Gains

The Great Britain pound rose after the release of a positive inflation report from the United Kingdom today. Currently, the sterling struggles to maintain gains, backing off against its major rivals and even falling back to the opening level against the US dollar.

Sterling Trims Gains as UK Data Weighs, Rebounds

Macroeconomic indicators released from the United Kingdom today were bad across the board. This did not prevent the Great Britain pound from rising against the US dollar and the euro (though the currency slid against the Japanese yen) but made the sterling trim its gains. Currently, it looks like the sterling is going to regain its upward momentum.

UK Pound Continues Decline

UK pound continues to decline as stocks fall and as risk aversion sets in. However, even though these are issues that can weigh on sterling, there isn’t much reason for some of the recent losses. Yes, data has been lackluster, but there aren’t new data prints to warrant the most recent rout for the UK pound.

Homebuilding Data, EU Referendum Uncertainty Weigh on Sterling

After showing some strength recently, UK pound is once again on the back foot. Concerns about the latest homebuilding data are weighing on the sterling, as are worries about what will happen with the upcoming EU referendum.

Sterling Dips After Release of Markit Services PMI

The Great Britain pound dipped after the release of the report about the services sector even though the indicator has improved. Analysts explain the poor reaction of the currency by the fact that expansion of the service industries remains sluggish even after the acceleration.

Pound Stronger After Construction PMI

The Great Britain pound firmed today following the release of construction data that showed that the sector continues to grow, albeit not at an impressive pace.

Soft Economic Data Continues to Weigh on Sterling

Soft economic data continues to pull the UK pound down in Forex trading on the currency market. The latest PMI data is disappointing, and that is bringing the sterling down against its major counterparts on the currency market.

Pound Stable After Mixed Data

The Great Britain pound was little changed today as Thursday’s economic data released from the United Kingdom was mixed, allowing the currency to stabilize after the earlier drop but not providing enough support to initiate a rally.

Sterling Shows Resilience in the Face of Brexit

UK pound is mostly higher today, gaining ground against its currency trading counterparts. Even though there are concerns about and exit from the European Union (called the Brexit), sterling is showing signs of life as US stocks gain ground. European markets are closed today for Easter Monday, so training is somewhat thin.

Pound Stabilizes as Retail Sales Beat Expectations

The Great Britain pound stabilized today following yesterday’s losses. One of the possible reasons for the decent performance was the better-than-expected retail sales report.

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