Sterling Tanks Ahead of Bank of England Policy Meeting
The sterling recorded its largest weekly fall against the yen in a year, with the Japanese currency receiving a major boost after the country's central bank suggested that it would implement a change in monetary policy. On Friday, the sterling was slightly higher against...
Dollar Rises Against Sterling Ahead of Fed Decision
The sterling fell by 0.17% against the dollar on Wednesday as traders anxiously awaited the Federal Reserve's latest interest rate decision due to be announced later in the day. The Bank of England is set to announce its own interest rate decision on Thursday.
Markets...
Sterling Staggers Ahead of Bank of England Policy Decision
The British pound fell slightly on Thursday as observers anxiously await the Bank of England's incoming interest rate decision later in the day. After data showed that UK inflation cooled more than expected in August, traders are unsure as to the central bank's next...
Sterling Remains Steady Following Strong UK Wage Data
The sterling remained steady on Tuesday after an inflow of British job market data that showed that wage growth remained strong despite a weakening labor market. The British pound remained flat against the U.S. dollar at $1.2507, thereby sustaining its 0.35% growth from the...
Pound Slumps to 12-Week Low Amid Falling Business Activity
A slump in economic activity in the United Kingdom has seen the sterling slump to a 12-week low. The UK S&P Global/CIPS composite Purchasing Managers' Index (PMI) fell from 50.8 in July to 48.6 in August, indicating a contraction in economic activity. The services...
Pound Rises Following Release of UK Inflation Data
The sterling rose against the U.S. dollar on Wednesday following the release of UK inflation data that raised bets that the Bank of England would raise its interest rates at its next policy meeting in September.
Against the greenback, the British pound climbed 0.3%...