TAG: UK Inflation
GBP/USD rises as UK inflation higher than expected
The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%. UK inflation drops to 3.2% Inflation in the UK continues to decline but the March release was not as strong as expected...
5 months agoGBP/USD eyes retail sales
The British pound is having a quiet week and that trend has continued on Thursday . In the North American session, GBP/USD is trading at 1.2450, down 0.04%. Will UK retail sales improve? The UK release retail sales for March on Friday. The market forecast...
5 months ago
Pound shrugs as construction PMI jumps
The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing. The UK construction PMI jumped to 53.0 in April, up from 50.2 in March and above the forecast of 50.4. This is only th...
5 months ago
GBP/USD sharply lower as BoE cuts rates
The British pound has fallen sharply on Thursday. GBP/USD is trading at 1.2774 in the North American session, down 0.63% on the day. Earlier, GBP/USD fell to 1.2750, its lowest level in a month. BoE makes historic rate cut For those readers who like to fo...
2 months ago
GBP/USD – will inflation data shake up the pound?
The British pound has been showing limited movement for over a week. In Tuesday’s North American session, GBP/USD is trading at 1.3086, up 0.13% on the day. UK inflation expected to decline to 1.9% The Bank of England has largely won the battle against in...
18 hours agoGBP/USD drops below 1.30 on soft inflation report
The British pound has finally showed some movement on Wednesday after a week of limited movement. In the European session, GBP/USD is trading at 1.2992, down 0.62% on the day. The pound fell below the symbolic 1.30 level for the first time since August 20...
2 hours ago