Tag Archives: Pound Sterling
Pound Sterling Hits Nine-Month Low Against U.S. Dollar
Pound Slides as Dollar Strengthens on Policy Expectations The British pound sank on Thursday to a level it has not seen for nearly nine months against the US dollar as the latter’s position remained strong waiting for the alteration of internal policies from the soon to be President Donald Trump. The pound had given up […]
Pound Sterling Strengthens After PMI Release
Bank of England Remain Cautious in Rate Cut On Monday, the Pound Sterling strengthened against the US Dollar after a business activity survey signalled rising prices in Britain, while investors prepared for a series of central bank meetings this week, including the Bank of England’s decision on Thursday. GBP/USD climbed 0.57%, closing at 1.2682. (GBP/USD […]
Pound Sterling Extended Gains Against U.S Dollar
Tax Hikes Weigh on U.K Economy On Thursday, data from the Bank of England showed that British employers’ expectations for wage growth continued to soften. In a separate report, activity in Britain’s construction sector rose in November, but neither report had much impact on the pound. However, the pound gained 0.45% against the U.S. dollar, […]
