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PMI, Sterling
Pound Sterling hits hard by decline in UK Retail Sales, flash PMI
The Pound Sterling (GBP) weakens against a majority of its peers, except the Euro (EUR), as the United Kingdom (UK) flash S&P Global/CIPS Purchasing Managers’ Index (PMI) data for November surprisingly declined and the Retail Sales data for October contracted at a faster-than-expected pace.
Sterling hits lowest level since July as Trump victory dents the pound
"The FX market tends to concentrate on one theme at a time, and right now that is dollar dominance," Kathleen Brooks, research director at XTB said.
Sterling Hits 6.5-Month Low Against Dollar After Weak U.K. PMI Data
Sterling extended losses against the dollar, falling to a six-and-a-half-month low, and pared gains versus the euro after the provisional November U.K. PMI survey came in well below expectations.
Sterling falls to 6-month low after weak British data
The pound tumbled on Friday after data showed British business output in November shrank for the first time in more than a year, and retail sales also fell by much more than expected in October. Sterling hit its lowest on the dollar since May,
6d
Pound Sterling struggles against USD as traders pare back Fed dovish bets
The Pound Sterling (GBP) remains under pressure near 1.2600 against the US Dollar (USD) in Monday’s North American session.
Business Recorder
4h
Weaker pound takes FTSE 100 to best week in six months
LONDON: Britain’s FTSE 100 recorded its biggest weekly gain in more than six months on Friday as a slide in
sterling
...
Investing
2d
Pound Sterling Slides After Data Confirms Government Just Smacked the Economy
"The first survey on the health of the economy after the Budget makes for gloomy reading. Businesses have reported falling ...
6d
Weekly U.K. Gilt Yield And Pound Sterling Forecast, November 15, 2024: Flirtation With Inverted Yields Continues
Financial writer discusses Gilt rates, yield predictions, and exchange rate simulations in the latest market update.
2d
Sterling Faces Challenges After Mostly Weaker Data
With the rise in the cap on energy prices last month, some increase in inflation seemed almost guaranteed, but 2.3% was 0.1% ...
Investing
5d
Pound Sterling Jumps against Euro, Dollar on Signs Inflation is Rising Again
Pound Sterling jumped after the UK reported a broad-based inflation rise in October. The Pound to Euro exchange rate rallied ...
devdiscourse
2d
Sterling Slide Spurs FTSE 100 Surge Amid Economic Strain
The FTSE 100 saw its biggest weekly gain since May, buoyed by a slide in the pound following weak UK business activity data.
Exchange Rates
1d
Euro To Pound Sterling Forecast: 0.8150 In 12 Months Say Rabobank
Rabobank maintains a bearish bias for the Euro to Pound exchange rate ( EUR/GBP ), targeting 0.8150 within 12 months, as ECB dovishness and structural issues weigh on the EUR. "The word ‘gradual’ has ...
Nairametrics
3d
Naira within striking range of N2,200 against the British Pound
The naira broke through the N2,180 barrier and began Thursday's session at the lower end of its range against the ...
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