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Tag: GBPUSD forecast

Sterling worst performing

The Pound and Euro are in a contest to see who the worst performer is today, and right now the pound is edging out the euro by just a tad […]

UK Services Data Disappoints

Sterling gained slightly yesterday after positive manufacturing data however the negative numbers continued this morning after a major survey showed Britain’s services sector struggled to recover in April from a […]

Carney comments hammer the pound!

BoE Governor Carney, in an interview last night, seemed somewhat less committal in regards to tightening policy in the UK, focusing more on the slow path in the coming years […]

Sterling confidence grows

The pound came under modest selling pressure yesterday, as the UK service PMI disappointed and the composite PMI fell to the lowest since the EU referendum. Overall, this week’s PMI […]

US Dollar Strenthens

Sterling slightly fell this morning as investors are very cautious before the publication of a first EU draft of a withdrawal treaty. EU negotiator Michel Barnier accused the British government […]

Downbeat UK Retail Sales

The recent pound gains against the U.S. dollar were trimmed this morning, after the release of downbeat UK retail sales dampened optimism over the strength of the economy, although overall […]

Dollar weakens while Euro gains

Sterling held near a three-month high of $1.36 today, as traders paused ahead of a survey of Britain’s construction sector. the pound was trading flat amid broad general dollar weakness […]

Pound hits a 2 and a half week high

The pound was up this morning hitting a 2 and a half week high against most currencies, due to the Brexit news over the weekend being interpreted as positive, Germany […]

UK Data surprisingly better than expectations

The pound recouped some of yesterday’s losses this morning as the Manufacturing and Industrial data came in slightly stronger than expectations this morning. Surprisingly the industrial data increased at its […]

GBP/EUR at 3 month high

Sterling hit a 3-1/2-month high against the euro on today as investors focused on a Nov. 2 Bank of England policy decision they expect will produce the first interest rate […]

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