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.
The US consumer spending strengthened in December amid higher demand for services and goods, though an increase came at the cost of savings, which fell to the lowest level in 10 years in a worrying sign for future economic growth and consumption.
The US consumer spending strengthened in December amid higher demand for services and goods, though an increase came at the cost of savings, which fell to the lowest level in 10 years in a worrying sign for future economic growth and consumption.
The Sterling jumped against the Dollar, after the preliminary Britain's GDP report showed that the country's economy accelerated growth pace more than anticipated by the end of 2017.
The British Pound appreciated against the US Dollar on the official UK labour market data.
The British Pound appreciated against the US Dollar on the official UK labour market data.
As the US Dollar continued to lose value against the rest of the financial markets, the GBP/USD currency exchange rate has surged and reached the 1.40 mark.
The British Pound fluctuated against the US Dollar after the UK retail sales report, falling initially by 4 base points to the 1.3916 mark.