The EURUSD pair continues to trade sideways this week as the respective central banks move to stabilize the exchange rates.
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Read moreThe British pound gained ground against the US dollar earlier Thursday, both before and after the release of the December services PMI. Data experts IHS Markit reported services sector activity grew at the fastest pace since April 2017. The details behind that rise, however, were mixed.
Read moreThe British pound was little changed in the wake of the weaker than expected UK manufacturing purchasing managers index, Tuesday. The closely watched index showed the pace of growth was slower than had been anticipated in December.
Read moreThe British pound made steady gains overnight and earlier Thursday in the wake of the Wednesday US Federal Reserve policy meeting and better than expected UK retail sales data. While rates rose, as expected, the central bank kept its outlook unchanged, which hurt dollar sentiment.
Read moreThe British pound moved lower Wednesday morning, following a disappointing UK jobs report. Sterling had made gains against the dollar earlier, as an electoral win for Democrat Doug Jones in Alabama weakened the Republican’s Senate majority.
Read moreThe British pound gained some support earlier Tuesday from official data showing a higher-than-expected increase in the UK’s consumer price inflation rate. However, the UK currency lost a little ground, shortly after the release.
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