The Sterling touched the new high against the Greenback after the PMI for the UK manufacturing sector was released.
The US Commerce Department showed that consumer spending, which constitutes nearly two-thirds of the US economic output, grew 1.0% in September, the strongest gain since 2009, after a modest 0.1% rise in the prior month.
The US Commerce Department showed that consumer spending, which constitutes nearly two-thirds of the US economic output, grew 1.0% in September, the strongest gain since 2009, after a modest 0.1% rise in the prior month.
The Commerce Department revealed that the US gross domestic product marked a 3.0% yearly growth pace in the third quarter, fuelled by higher business investment, while consumer spending growth eased slightly as incomes were hurt by hurricanes.
The National Association of Realtors revealed that there was no change in the number of pending home sales in September.
The Commerce Department showed that the US durable goods rose 2.2% for the month of September, owing to higher demand for transportation equipment.
The preliminary PMI report for the US services and manufacturing sectors showed better-than-expected readings of 55.9 and 54.5, respectively.
The National Association of Realtors reported on Friday that the US existing home sales gained 0.7% to a seasonally adjusted yearly rate of 5.39M in September.
The National Association of Realtors reported on Friday that the US existing home sales gained 0.7% to a seasonally adjusted yearly rate of 5.39M in September.
The British Pound fell sharply against the Greenback on the report showing stronger-than-expected drop in the country's retail sales.
The Sterling was suffering the third straight day of weakness against the US Dollar on mixed job data for Britain yesterday morning.
The GBP/USD exchange rate retreated from the peak to start a downward trend after a decent UK economic data.
The Labour Department showed that the US Consumer Price Index edged 0.5% higher in September, the strongest gain since January, which put the yearly rate of consumer inflation to 2.2% in the reported period.
The Labour Department showed that the US Consumer Price Index edged 0.5% higher in September, the strongest gain since January, which put the yearly rate of consumer inflation to 2.2% in the reported period.
The Labour Department revealed that the US Producer Price Index climbed 0.4% in September.
The JOLTS survey showed that the number of the US job openings declined to 6.08M in August, from a downwardly revised figure of 6.14M in the prior month, facing negative impacts coming from the Hurricane Harvey.
The GBP/USD currency pair kept going upwards in response to Tuesday's report pointing to an advance in the UK manufacturing production.
The Labour Department showed that the US job market faced unexpected decrease in jobs, as the economy lost 33K positions in September, reflecting the impact of Hurricanes Harvey and Irma.
The Labour Department showed that the US job market faced unexpected decrease in jobs, as the economy lost 33K positions in September, reflecting the impact of Hurricanes Harvey and Irma.
The British Pound strengthened against the Greenback on the grounds of shiny UK service industry data.
The British Pound strengthened against the Greenback on the grounds of shiny UK service industry data.
The GBP/USD fell from the intraday high after the report on Tuesday indicated contraction in the UK construction sector.
The GBP/USD kept declining gradually after the weaker-than-anticipated Britain's manufacturing PMI figures.
The British Pound fell significantly against the US Dollar on Friday morning, following the couple of the UK economic reports.