The Sterling begun the week rather poorly, as it suffered notable losses against most major peers.
Last Friday and over the weekend the British currency experienced mixed performance
Yesterday, the British Pound lost the most against its seven major counterparts.
Although the data on the UK was good yesterday, Pound's bearishness was second only to performance of the US Dollar.
Despite the weak fundamentals the Sterling performed relatively well on Tuesday, gaining 0.88, 0.61, and 0.34% against the Australian, Canadian, and New Zealand dollars, respectively.
The Pound benefited greatly from yesterday's fundamentals. And even though some of the minor ones were below expectations, the manufacturing PMI surprised to the upside.
The British currency suffered losses against most major peers on Friday and over the weekend.
Although the fundamentals were only in line with the forecasts, this did not prevent the British Pound from outperforming all its major peers, also against the background of the BoE tilting more towards the dovish side.
The British Pound was among the weakest currencies yesterday, winning 0.23% only against the New Zealand Dollar, which came under strong selling pressure due to an increasing possibility of further rate cuts.
BoE's Governor Mark Carney's statement on Tuesday reassured investors' outlook towards the UK economy, causing a buying spree of the British currency.
Since there were no clear catalysts on Monday, the Sterling experienced mixed performance over the day.
Amid a strong reading of the UK Public Sector Net Borrowing, the British currency appreciated against most major peers on Friday and over the weekend.
The British currency appreciated against most major peers on Thursday, with exception against the commodity-based currencies.
A strong reading of UK Claimant Count Change and the UK Unemployment Rate caused the Sterling to outperform most of other major peers.
The British Pound weakened against most major currencies on Tuesday, as BoE's Carney stated that there is no need to raise rates in the near future.
The British currency managed to rebound against most major peers on Monday, with exception against the Aussie and the US Dollar.
On Friday and over the weekend the Sterling declined against most major peers, with exception against the Aussie and the Loonie.
The British Pound appreciated against both commodity currencies and most major peers, with exception against the Aussie and the Swissie.
On Wednesday the Pound's losses exceeded its gains against most major peers.
Amid a poor reading of the UK Manufacturing Production, the Sterling sustained losses against most major peers on Tuesday.
Sentiment improved on Monday, helping the British currency to recover some losses and appreciate against most major peers.
The British currency's performance was rather mild on Friday and over the weekend, as it sustained losses against most major peers.
The British currency struggles to post gains against commodity currencies yesterday, with exception against the Aussie.
The Sterling was in for another day of mixed performance yesterday.