The Sterling rallied against the US Dollar in the wake ofthe report by Markit on the UK services industry.
The dominant support was met exactly as expected. The currency pair rebounded against it. However,
The dominant support was met exactly as expected. The currency pair rebounded against it. However,
The Pound has continued its decline against the US Dollar in the short term pattern, which was charted on Wednesday.
During this week everything was about the US Federal Reserve. Yesterday the expected testimony of the head of the Fed occurred. As a result,
The Sterling was seen weaker against the US Dollar after the UK GDP growth report came in on Thursday.
The US National Association of Realtors reported that in January the existing home sales slumped for the second month in a row.
The Sterling was seen weaker against the US Dollar after the UK GDP growth report came in on Thursday.
The British Pound considerably decreased against the US Dollar after the UK job market report was released.
Initially, the British Pound rose against the US Dollar despite lower-than-expected UK retail sales data, growing 11 base points to the 1.4118 mark.
Initially, the British Pound rose against the US Dollar despite lower-than-expected UK retail sales data, growing 11 base points to the 1.4118 mark.
Initially, the British Pound rose against the US Dollar despite lower-than-expected UK retail sales data, growing 11 base points to the 1.4118 mark.
The Labour Department revealed that the US Producer Price Index climbed 0.4% in January, as forecasted.
The release showed that the US Consumer Price Index surged 0.5% over the course of January, beating expectations for only a 0.3% rise.
The British Pound fell against the Greenback 10 points or 0.07%, following the UK CPI data release.
The US government posted a $49B budget surplus in the month of January, the Treasury Department stated on Monday.
The Sterling depreciated against the US Dollar, following factory output data on Friday.
The Sterling jumped against the US Dollar more than 100 pips or 0.76%, just after the Bank of England's monetary policy decision was announced on Thursday, and continued to appreciate further.
The Halifax HPI reports caused a short-lived bullish reversal in the Sterling against the US Dollar.
The Sterling fell sharply against the US Dollar, after the report by Markit on the UK services industry.
The Sterling fell sharply against the US Dollar, after the report by Markit on the UK services industry.
The British Pound weakened against the Greenback 12 base points or 0.09% on the construction PMI report, though the pair was affected more from the US side after the country's job market data was released.
The ISM Manufacturing PMI release had not prevented a lingering up-move in the EUR/USD exchange rate.
The US Federal Reserve announced the decision to keep interest rates at 1.50% on Wednesday, but stated that consumer inflation is likely to accelerate this year, fuelling expectations that borrowing costs would keep climbing under the new Central Bank's Chief Jerome Powell.