Tag: Pound to US Dollar

The British pound strengthened on Friday after the UK's economy was shown to have grown more than expected in January. The sterling was up 1.2% against the U.S. dollar at $1.2068; the biggest single-day jump since January 6. The euro was down 0.5% against...

The sterling gained ground against both the U.S dollar and the euro on Thursday as investors' focus remained firmly on the global economy and its effects on the U.S. Federal Reserve's upcoming interest rates decisions. At midday, the British pound was up 0.42% against the...

The dollar retreated from its two-and-a-half-month high against the Japanese yen on Friday, putting it on track for its largest weekly loss since mid-January. The dollar index, which measures the greenback against a basket of major world currencies, 0.3% to 104.60, having previously hit...

The sterling strengthened on Tuesday following the release of Britain's preliminary "flash" Purchasing Managers' Index. This data indicated a rise in British business activity, thereby indicating that the United Kingdom may be avoiding the effects of an impending deep recession. Jumping from a score of...

The U.S. dollar edged lower on Monday but remained close to the six-week high recorded by the greenback on Friday. The U.S. Dollar index, which measures the dollar against a basket of major currencies, retreated by 0.14% to 103.83. Despite the drop, the index...

The U.S. dollar hit a six-week high on Friday morning amid strong economic data and comments from Federal Reserve officials that suggested that further interest rate hikes would be coming. St Louis Fed President James Bullard stated on Thursday that he would support further rate...