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British Pound Sterling

British Pound Sterling Daily Market Updates with latest GBP exchange rates, charts and rate changes in the major GBP cross currency pairs for day, week and quarter periods. This allows you to take advantage of any market moves as well as the low margins from our online currency and foreign payment partners to ensure you get the best possible exchange rates deals.

Pound Weakened by Poor Retail Sales

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) plummeted against its peers at the end of last week’s session thanks to a disappointing Retail Sales report. Figures showed that sales plummeted from 4.7% to 2.6% in January, sliding further than the 0.8% drop that had been predicted and completing a third consecutive month of losses. Rising prices and low wage growth were seen as major reasons for the drop, with investors expecting that UK GDP will take a hit if the trend continues. View article >

Retail Sales Contraction Dents Pound, Euro Struggles Under Greek Debt Worries

Pound Sterling

GBP/USD 1 Week Chart
January’s UK retail sales report proved unexpectedly disappointing, setting the Pound on a bearish trend. Sales were found to have contracted -0.3% on the month, adding to the significant weakening in spending seen over the Christmas period. This suggested that consumer confidence has already begun to deteriorate, which could see economic growth slow significantly in coming months. View article >

Euro Holds Gains Despite Dovish ECB, US Dollar Falls Back on Risk Appetite

Pound Sterling

GBP/USD 1 Week Chart
In the absence of any fresh domestic data the Pound has managed to recover some of its lost ground, although any positive momentum has been somewhat limited. Investors have been encouraged to buy back into Sterling thanks to a lack of fresh Brexit developments, pushing GBP exchange rates generally higher. However, the Pound could come under renewed pressure ahead of the weekend if January’s retail sales figures point towards a reduced level of consumer spending. View article >

Pound Slumps on Disappointing Wage Growth, Australian Dollar Remains on Strong Uptrend

Pound Sterling

GBP/USD 1 Week Chart
The appeal of the Pound was weakened further by the latest UK wage growth figures, which showed a more limited increase in average weekly earnings than forecast. Coupled with the sharp rise in inflationary pressure in January this suggested that consumer spending is likely to be increasingly squeezed in the coming months. As much of the recent strength of the domestic economy has been driven by consumers, this naturally prompted investors to sell out of the Pound, pushing it lower across the board. View article >

US Dollar Slumps on Political Worries as Risk Appetite Boosts ‘Aussie’

Pound Sterling

GBP/USD 1 Week Chart
Investors were wary to buy into the Pound ahead of January’s UK consumer price index report, despite expectations for another uptick in domestic inflationary pressure. However, if the CPI data does prove encouraging GBP exchange rates could be pushed higher on hopes that the Bank of England (BoE) could raise interest rates sooner rather than later. View article >

Euro Climbs on Hopes of Greek Deal as Risk Appetite Weakens

Pound Sterling

GBP/EUR 1 Week Chart
The strength of recent UK data has kept the Pound on a generally stronger footing, limiting the impact of Brexit-based jitters at this juncture. Sterling volatility is likely to increase once the House of Lords begins to debate the government’s Article 50 bill, however, as markets remain cautious over the prospect of delays to Theresa May’s timetable. View article >

Pound Exploits Weakness in EUR and USD

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) was able to strengthen against some of its peers yesterday as persistent political uncertainty hampered some of the other majors. However, the Sterling advance was cut short by the announcement that Bank of England policymaker Kristin Forbes would be stepping down in June, prompting concerns over the validity of her recent hawkish comments regarding future rate hikes. View article >

Uptick in Pound as BoE Speculation Continues

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) saw a slight lift against the majority of its peers this morning as markets remain upbeat about the prospect of the Bank of England raising interest rates later this year following BoE policymaker Kristin Forbes’ hawkish comments earlier in the week. Meanwhile the government’s Brexit bill was passed through the House of Commons yesterday, as MPs voted to allow Theresa May to trigger Article 50. View article >

Pound Rallies Following Hawkish Comments from BoE Policymaker

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) rallied against most of its peers yesterday afternoon, following Hawkish remarks from Bank of England policymaker Kristin Forbes. Forbes indicated that she is leaning towards voting to raise interest rates in the near future. She pointed to the robust performance of the UK economy since the EU referendum and the notable rise in inflation as being reasons to hike. View article >

Pound Plummets as Labour Amendments Defeated

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) tumbled against the other majors this morning as labour’s attempts to amend the government’s Brexit bill were rejected by parliament. Two notable blocked Labour amendments were a call for devolved governments such as Scotland to be consulted on Brexit and a requirement for Prime Minister Theresa May to make regular reports back to parliament during negotiations with the EU. View article >

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