News

A Weak Pound May Help the British Economy
British pound has been weakening despite improvements in activity indicators and rising global risk appetite. So, what is behind this downtrend and what does it mean for the British economy?
Published on 2009-09-30

Pound Drops to Record Low Vs Euro
The pound dropped to a record low against the euro on Monday after Alistair Darling, the UK’s finance minister, said conditions in the country’s economy were as bad as they had been for more than half a century.
Published on 2008-09-01

Pound Posts Monthly Loss
The pound fell to the lowest level in more than four months against the euro after a report showed consumer confidence held near a record low in August, strengthening the case for lower interest rates.
Published on 2008-08-29

Pound Drops Vs Euro
The U.K. pound fell to the lowest level in four months against the euro after a private report showed house prices fell a ninth month.
Published on 2008-08-28

Pound Drops Versus Euro
The U.K. pound fell to the lowest level in almost three months against the euro on speculation a deepening slump in the nation's housing market may force the central bank to cut interest rates.
Published on 2008-08-27

U.K. Pound Falls Against Dollar
The U.K. pound fell against the dollar, extending a fifth week of declines, the longest losing streak since February 2006, before an industry group releases mortgage approvals data for last month.
Published on 2008-08-26

U.K. Pound Falls to One-Week Low Vs Euro
The U.K. pound fell to a one-week low against the euro after a government report showed economic growth stagnated in the second-quarter, strengthening the case for lower interest rates.
Published on 2008-08-23

Pound Falls Near Two-Year Low Vs Dollar
The pound fell to near a two-year low against the dollar and slipped versus the euro after BoE policy maker Tim Besley said inflation will fall by the end of next year, adding to the case for interest-rate cuts.
Published on 2008-08-19

Pound Declines
The pound dropped against the euro and traded near a two-year low versus the dollar after U.K. house prices posted their biggest annual decline in August since at least 2002, strengthening the case for lower interest rates.
Published on 2008-08-18

U.K. Pound Falls to 22-Month Low
The U.K. pound fell to a 22-month low against the dollar and government bonds advanced after the Bank of England cut its growth forecast and held out the prospect of lower interest rates as unemployment rose the most in almost 16 years.
Published on 2008-08-13

U.K. Pound Declines to 21-Month Low
The pound slid to its lowest level in almost 21 months against the dollar after an industry report showed U.K. house prices fell in July, adding to evidence the economy is slowing.
Published on 2008-08-12

Pound Slides to 17-Month Low Vs Dollar
The pound dropped to a 17-month low against the dollar on concern the economy is edging toward a recession as U.K. banks repossessed the most homes in 12 years in the first half and house prices lost two years of gains.
Published on 2008-08-08

Pound Falls Against Euro
The pound stayed near a seven-week low against the euro after the Bank of England left its benchmark interest rate unchanged.
Published on 2008-08-07

Pound Falls to 7-Week Low Vs Dollar
The pound declined to the lowest level in seven weeks against the dollar as U.K. factory production unexpectedly shrank for a fourth month in June.
Published on 2008-08-05

Pound Falls as Construction Index Drops to Lowest Since 1997
The pound fell against the euro for a third day and dropped versus the dollar after an industry report showed the U.K.'s construction industry shrank in July at the fastest pace in 11 years.
Published on 2008-08-04

Pound Headed for Weekly Drop
The pound headed for its biggest weekly drop against the dollar since mid June as U.K. manufacturing shrank by the most in a decade, adding to evidence a recession is looming.
Published on 2008-08-01

Pound Falls Against Euro
The pound snapped two days of gains against the euro after U.K. consumer confidence dropped to a record low in July and house prices slumped more than forecast.
Published on 2008-07-31

U.K. Pound Advances Against Euro
The U.K. pound strengthened against the euro for a second day. The pound fell 6.6 percent against the euro this year. It's little changed versus the dollar.
Published on 2008-07-30

Sterling Hit by Consumer Fears
Sterling fell on Tuesday as weak economic data stacked up to show that belts were tightening across the UK as housing market conditions worsened and rising prices hit consumers in the pocket.
Published on 2008-07-29

Pound Falls as House Prices Drop Most Since 2001
The pound fell against the euro and gilts rose after U.K. house values dropped in July by the most in at least seven years, increasing concern the economy is headed toward a recession.
Published on 2008-07-28

Pound Falls Against Euro
The pound declined for a third day against the euro on concern the fallout from the global credit crunch will hurt the U.K. economy more than anticipated.
Published on 2008-07-22

Pound Weakens Against Dollar, Euro
The pound declined against the dollar and the euro after an industry report showed house prices slumped in July, adding to signs the economy is slowing.
Published on 2008-07-21

Pound Rises to 3 1/2-Month High
The U.K. pound rose to a 3 1/2-month high against the dollar as inflation accelerated to the highest level in more than a decade, while government bonds gained as sliding equities lured investors to the safest assets.
Published on 2008-07-15

British Pound Falls Against Euro
The pound fell against the euro after an industry survey showed confidence among Britain's consumers dropped in June to the lowest level in at least four years.
Published on 2008-07-09

Pound Falls After U.K. Manufacturing Contracts
The pound slid against the dollar and the euro and bonds rose after a government report showed U.K. manufacturing contracted more than predicted in May, deepening concern the economy will tip into a recession.
Published on 2008-07-07

U.K. Pound Declines Against Euro
The U.K. pound fell against the euro after a British Bankers' Association report showed mortgage approvals slid last month to the lowest level since at least 1997.
Published on 2008-06-24

Pound Falls
The pound fell against the euro after Bank of England Deputy Governor John Gieve said U.K. house prices will extend their slide, denting consumer confidence.
Published on 2008-06-20

Pound Drops
The pound fell for a second day against the dollar as minutes from this month's Bank of England policy meeting showed members decided an interest-rate increase wasn't ``urgently'' required to keep inflation contained.
Published on 2008-06-18

Pound Falls as U.K. Inflation Accelerates
The U.K. pound dropped the most in two weeks against the euro as traders pared bets that the Bank of England will increase interest rates on speculation worsening inflation will stifle economic growth.
Published on 2008-06-17

U.K. Pound Gains Against Dollar, Euro
The pound rose against the dollar and euro for a second day on speculation U.K. inflation exceeded the Bank of England's target in May.
Published on 2008-06-16

Pound Declines
The pound fell against the euro, snapping a two-day gain, on mounting speculation a housing-market slump caused by the credit squeeze is curbing economic growth.
Published on 2008-06-11

Pound Drops Against Dollar, Euro
The pound snapped a three-day gain against the dollar as an industry report showed a squeeze on mortgage lending kept U.K. house price declines close to the most widespread level in at least three decades.
Published on 2008-06-10

U.K. Pound Falls Against Dollar
The pound fell against the dollar and euro after accelerating inflation prevented the Bank of England from cutting interest rates to support the economy.
Published on 2008-06-05

Pound Falls
The pound fell to a two-week low against the dollar on speculation accelerating inflation will prevent the Bank of England cutting interest rates tomorrow to bolster the U.K. economy.
Published on 2008-06-04

Pound Falls on U.K. Subprime Losses
The British pound fell against the dollar and euro after news reports said Bradford & Bingley Plc, the U.K.'s biggest mortgage lender to landlords, needs to raise money from shareholders and profit will be lower than expected.
Published on 2008-06-01

Pound Falls
The pound fell against the major currencies as evidence the housing-market slowdown in the U.K. is deepening sapped demand.
Published on 2008-05-27

Pound Gains on Retail Sales
The pound rose for a third day against the dollar after a government report showed U.K. retail sales declined less than economists forecast in April.
Published on 2008-05-22

Pound Drops Versus Euro
The pound fell as an industry report showed London's property market had the most widespread price declines in at least 14 years last month, raising prospects of an interest-rate cut in June.
Published on 2008-05-13

Pound Rises on Producer Prices
The pound rebounded from a two-week low against the euro and climbed versus the dollar after a surge in U.K. producer prices prompted traders to pare bets the Bank of England will cut interest rates next month.
Published on 2008-05-12

Pound Falls Against Dollar, Euro
The pound fell to a 2 1/2-month low against the dollar after an industry report showed U.K. consumer confidence declined to the weakest in at least four years last month, strengthening the case for a cut in interest rates.
Published on 2008-05-07

Pound Gains Against Euro
The pound rose to the highest level in more than a month against the euro after the Bank of England signaled the worst of the credit crisis in the U.K. may be over.
Published on 2008-05-01

Pound Declines Against Dollar
The pound fell by the most in more than a week against the dollar after an official report showed mortgage approvals dropped in March to the lowest level in at least nine years, prompting traders to increase bets on further interest- rate cuts.
Published on 2008-04-29

Pound Falls Versus Dollar
The pound fell against the dollar, headed for a weekly decline, as traders bet the Federal Reserve will next week signal it will slow the pace of its interest-rate cuts.
Published on 2008-04-25

Pound Rises Against Major Currencies
The pound rose against the major currencies after a rally in European stock markets stoked demand for higher-yielding assets.
Published on 2008-04-17

Pound Falls to Record Versus Euro
The pound fell to a record low against the euro after reports showed CPI rose at a slower pace than forecast last month and the property-market slump deteriorated to the worst since records began.
Published on 2008-04-15

Pound Rises
The pound rose against the major currencies on evidence inflation is accelerating, limiting the scope of the Bank of England to keep cutting interest rates.
Published on 2008-04-14

Pound Trades Near Record Low Against Euro
The pound traded near a record low against the euro after the Bank of England cut its main interest rate a quarter-percentage point and the European Central Bank stayed on hold.
Published on 2008-04-10

Pound Falls against Euro
The pound fell to a record of 80 pence per euro after U.K. consumer confidence slid to the lowest level in almost four years, boosting speculation the Bank of England will cut interest rates tomorrow.
Published on 2008-04-09

Britain's Pound Falls to Record Against Euro
The pound fell to a record against the euro after the U.K.'s biggest mortgage lender said house prices dropped by the most since 1992 last month, adding to the case for an interest-rate cut this week.
Published on 2008-04-08

Pound Falls Versus Dollar
The pound fell against the dollar on speculation the Bank of England will cut interest rates this week as U.K. economic growth slows.
Published on 2008-04-07

U.K. Pound Rises as Stocks Advance
The pound rose against the euro on speculation the biggest financial institutions will ride out losses on credit markets, boosting demand for higher-yielding assets.
Published on 2008-04-01

British Pound Rises Against Euro
The pound rose the most against the euro in two months, paring a weekly decline, after a government report showed sales at U.K. stores unexpectedly grew last month, and as investors judged yesterday's drop was exaggerated.
Published on 2008-03-20

U.K. Pound Rises Against Dollar
The pound rose from a two-week low against the dollar on speculation the Federal Reserve will cut interest rates by the most in two decades today, boosting the yield advantage of U.K. assets.
Published on 2008-03-18

Pound Slumps to Record Versus Euro
The pound fell the most in six years against the euro, declining to a record, after the Federal Reserve cut its discount rate and JPMorgan Chase & Co. bought Bear Stearns Cos.
Published on 2008-03-17

Pound Falls to Record Against Euro
The pound fell to a record against the euro and had its biggest decline in two weeks versus the dollar as U.K. consumer confidence slipped to the lowest level in more than three years.
Published on 2008-03-05

Pound Trades Near $2
The pound traded within two cents of $2 on speculation the Bank of England will lower interest rates at a slower pace than the Federal Reserve.
Published on 2008-02-28

U.K. Pound Falls Against Euro
The pound fell against the euro and declined to within a quarter of a cent of a three-week low versus the dollar before a government report that may show U.K. house prices grew at the slowest pace in 1 1/2 years in December.
Published on 2008-02-11

U.K. Pound Extends Gain Versus Dollar
The U.K. pound extended its advance against the dollar after the Federal Reserve cut its target overnight lending rate three quarters of a percentage point to 3.5 percent in an emergency meeting.
Published on 2008-01-22

British Pound Could be the Biggest Loser in 2008
It seems that this could be the year that the British pound will loose its strength and replace the U.S. dollar as the biggest looser of the currency market.
Published on 2008-01-17

Pound Declines After Worst Month for Housing Market in 15 Years
The pound fell to near a 10-month low against the dollar after an industry survey showed December was the worst month for the housing market since the aftermath of Britain's recession in 1992.
Published on 2008-01-16

Pound Rises as U.K. Inflation Exceeds BOE's Target
The pound rose the most against the dollar in a month and rebounded from a record low versus the euro as inflation unexpectedly held above the Bank of England's 2 percent target for a third month, reducing pressure on policy makers to cut interest rates.
Published on 2008-01-15

Pound Falls to Record Versus Euro
The pound fell to a record low against the euro as investors bet the economic slowdown will prompt the Bank of England to cut its benchmark interest rate next month, after leaving it unchanged today.
Published on 2008-01-10

Pound Has First Annual Drop Against Euro Since 2004
The pound posted its first annual drop in three years against the euro on speculation the Bank of England will keep cutting interest rates while the European Central Bank stays on hold.
Published on 2007-12-31

Pound Hits Record Low Against Euro
The pound dropped to a record low against the euro of Friday as the prospects of a near-term cut in UK interest rates continued to weigh on the currency.
Published on 2007-12-21

Sterling hits 26-year high against dollar
Sterling hit a 26-year high against the dollar on Tuesday as expectations that the Bank of England would move to cut UK interest rates were dented.
Published on 2007-10-30

British pound falls as traders cut back on rate expectations
The British pound could fall further as investors lower expectations the Bank of England will raise interest rates again this year. The implied yield on the December interest-rate futures contract has fallen 10 basis points to 6.15 percent in the past two weeks.
Published on 2007-08-06