pound Archive

  • Pound Rises As U.K. Retail Sales Growth Accelerates The British pound strengthened against other major currencies in the early European session on Wednesday, after data showed that U.K. retail sales increased at a faster pace in August. Data from the Office for National Statistics showed that U.K. retail sales volume including auto fuel advanced 1 percent in August from July, the biggest growth in four months and exceeded the expected rate of 0.2 percent and July's increase of 0.6 percent. Year-on-year, retail sales volume growth improved to 2.4 percent from 1.4 percent. Economists had forecast a 1.2 percent increase. Sales have increased for the 52nd consecutive month. Investors await the U.S. Federal Reserve's monetary policy decision due later in the day, with many expecting no change in interest rates. That said, the accompanying statement may offer the details of how the central bank plans to start shrinking its $4.5 trillion balance sheet. In the Asian tradi..

    Pound Rises As U.K. Retail Sales Growth Accelerates

    Pound Rises As U.K. Retail Sales Growth Accelerates The British pound strengthened against other major currencies in the early European session on Wednesday, after data showed that U.K. retail sales increased at a faster pace in August. Data from the Office for National Statistics showed that U.K. retail sales volume including auto fuel advanced 1 percent in August from July, the biggest growth in four months and exceeded the expected rate of 0.2 percent and July's increase of 0.6 percent. Year-on-year, retail sales volume growth improved to 2.4 percent from 1.4 percent. Economists had forecast a 1.2 percent increase. Sales have increased for the 52nd consecutive month. Investors await the U.S. Federal Reserve's monetary policy decision due later in the day, with many expecting no change in interest rates. That said, the accompanying statement may offer the details of how the central bank plans to start shrinking its $4.5 trillion balance sheet. In the Asian tradi..
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  • *Pound Rises To 2-day High Of 1.3601 Against U.S. Dollar Pound Rises To 2-day High Of 1.3601 Against U.S. Dollar

    *Pound Rises To 2-day High Of 1.3601 Against U.S. Dollar

    *Pound Rises To 2-day High Of 1.3601 Against U.S. Dollar Pound Rises To 2-day High Of 1.3601 Against U.S. Dollar
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  • *Pound Advances To 2-day High Of 1.3057 Against Swiss Franc Pound Advances To 2-day High Of 1.3057 Against Swiss Franc

    *Pound Advances To 2-day High Of 1.3057 Against Swiss Franc

    *Pound Advances To 2-day High Of 1.3057 Against Swiss Franc Pound Advances To 2-day High Of 1.3057 Against Swiss Franc
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  • *Pound Climbs To 2-day High Of 0.8826 Against Euro Pound Climbs To 2-day High Of 0.8826 Against Euro

    *Pound Climbs To 2-day High Of 0.8826 Against Euro

    *Pound Climbs To 2-day High Of 0.8826 Against Euro Pound Climbs To 2-day High Of 0.8826 Against Euro
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  • *Pound Edges Up To 151.52 Against Yen Pound Edges Up To 151.52 Against Yen

    *Pound Edges Up To 151.52 Against Yen

    *Pound Edges Up To 151.52 Against Yen Pound Edges Up To 151.52 Against Yen
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  • Pound Mixed Ahead Of U.K. Retail Sales Data At 4:30 am ET Wednesday, the Office for National Statistics is scheduled to release U.K. retail sales for August. Economists forecast sales to rise 0.2 percent on month, following a 0.3 percent rise in July. Ahead of the data, the pound showed mixed trading against its major rivals. While the pound fell against the Swiss franc, it held steady against the U.S. dollar, the yen and the euro. As of 4:25 am ET, the pound was trading at 0.8879 against the euro, 1.2983 against the Swiss franc, 1.3522 against the U.S. dollar and 150.65 against the yen.

    Pound Mixed Ahead Of U.K. Retail Sales Data

    Pound Mixed Ahead Of U.K. Retail Sales Data At 4:30 am ET Wednesday, the Office for National Statistics is scheduled to release U.K. retail sales for August. Economists forecast sales to rise 0.2 percent on month, following a 0.3 percent rise in July. Ahead of the data, the pound showed mixed trading against its major rivals. While the pound fell against the Swiss franc, it held steady against the U.S. dollar, the yen and the euro. As of 4:25 am ET, the pound was trading at 0.8879 against the euro, 1.2983 against the Swiss franc, 1.3522 against the U.S. dollar and 150.65 against the yen.
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  • Pound Rises After U.K. Retail Sales Data At 4:30 am ET Wednesday, the Office for National Statistics released U.K. retail sales for August. After the data, the pound rose against its major rivals. As of 4:31 am ET, the pound was trading at 0.8869 against the euro, 1.3037 against the Swiss franc, 1.3578 against the U.S. dollar and 151.29 against the yen.

    Pound Rises After U.K. Retail Sales Data

    Pound Rises After U.K. Retail Sales Data At 4:30 am ET Wednesday, the Office for National Statistics released U.K. retail sales for August. After the data, the pound rose against its major rivals. As of 4:31 am ET, the pound was trading at 0.8869 against the euro, 1.3037 against the Swiss franc, 1.3578 against the U.S. dollar and 151.29 against the yen.
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  • *U.S. Dollar Slides To 1.3531 Against Pound U.S. Dollar Slides To 1.3531 Against Pound

    *U.S. Dollar Slides To 1.3531 Against Pound

    *U.S. Dollar Slides To 1.3531 Against Pound U.S. Dollar Slides To 1.3531 Against Pound
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  • Pound Advances On BoE Rate Hike Hopes The pound climbed against its most major counterparts in the Asian session on Tuesday, in response to comments from the Bank of England Governor Mark Carney reiterating an interest rate rise in coming months. Speaking at the International Monetary Fund's headquarters in Washington on Monday, Carney said that "some withdrawal of monetary stimulus" would be necessary to bring UK inflation back to the 2 percent goal, although any rate rise would be 'gradual' and 'limited' "If the economy continues to follow a path consistent with the prospect of a continued erosion of slack and a gradual rise in underlying inflationary pressure then, with the further lessening in the trade-off that would imply, some withdrawal of monetary stimulus is likely to be appropriate over the coming months in order to return inflation sustainably to target," Carney said. Investors await the U.S. Federal Reserve's two-day monetary policy m..

    Pound Advances On BoE Rate Hike Hopes

    Pound Advances On BoE Rate Hike Hopes The pound climbed against its most major counterparts in the Asian session on Tuesday, in response to comments from the Bank of England Governor Mark Carney reiterating an interest rate rise in coming months. Speaking at the International Monetary Fund's headquarters in Washington on Monday, Carney said that "some withdrawal of monetary stimulus" would be necessary to bring UK inflation back to the 2 percent goal, although any rate rise would be 'gradual' and 'limited' "If the economy continues to follow a path consistent with the prospect of a continued erosion of slack and a gradual rise in underlying inflationary pressure then, with the further lessening in the trade-off that would imply, some withdrawal of monetary stimulus is likely to be appropriate over the coming months in order to return inflation sustainably to target," Carney said. Investors await the U.S. Federal Reserve's two-day monetary policy m..
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  • Pound Strengthens Against Most Majors The pound climbed against its most major counterparts in pre-European deals on Tuesday. The pound firmed to 151.59 against the yen, its strongest since June 2016. The pound edged up to 1.3022 against the franc and 1.3552 against the dollar, from its early lows of 1.2962 and 1.3494,respectively. If the pound rises further, it may find resistance around 154.00 against the yen, 1.31 against the franc and 1.38 against the greenback.

    Pound Strengthens Against Most Majors

    Pound Strengthens Against Most Majors The pound climbed against its most major counterparts in pre-European deals on Tuesday. The pound firmed to 151.59 against the yen, its strongest since June 2016. The pound edged up to 1.3022 against the franc and 1.3552 against the dollar, from its early lows of 1.2962 and 1.3494,respectively. If the pound rises further, it may find resistance around 154.00 against the yen, 1.31 against the franc and 1.38 against the greenback.
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