The Pound weakened against the US Dollar on Monday due to data showing that construction activity in the UK slowed by more than forecast. In contrast, construction activity in the US increased by the most since May. Against the Euro, the Pound was holding onto gains as a run of poor Eurozone data releases and Thursday’s European Central Bank meeting weighed on the currency.
US Dollar
The US Dollar strengthened against the majority of its most traded peers after construction sector spending increased by 1.1% in October from the preceding month. The …

The Pound ended last week lower against a number of major peers as uncertainty over next year’s UK General election spooked the markets. A speech by Prime Minister David Cameron on immigration did little to ease doubts over the result of the election. As this week begins, the Pound has recovered some ground against the single currency as economists look ahead to the release of a number of important reports. Sterling could see further movement if today’s Markit/CIPS Manufacturing PMI data comes in below expectations.
US Dollar
The US Dollar advanced against …

The Pound softened against most of its major peers as economists look ahead to upcoming UK Public Sector Net Borrowing data and digest the news that Anti-EU party UKIP won a second by-election victory. The win now leaves next year’s general election result more uncertain. Aside from the public sector borrowing figures, there is not much else data-wise to impact the currency market.
US Dollar
The US Dollar softened against a number of peers as investors locked in profits after the currency’s recent rally. Data released on Thursday showed that the Federal …

The Pound remains under pressure against the majority of its peers and could slip below the 1.25 level against the Euro rate over the course of the session as last week’s Bank of England inflation report and soft economic data continues to weigh. Comments made by UK Prime Minister David Cameron also kept Sterling trending lower as he warned that the UK economy will be weakened by global factors. Sterling is likely to remain soft throughout the session due to a lack of market-moving economic data releases.
US Dollar
The US Dollar …

The Pound fell sharply against the US Dollar, Euro and other major peers on Wednesday after the Bank of England cut its inflation and growth forecasts. Today the UK currency remains weaker against the majority of other currencies and is likely to remain softer for the rest of the week due to a lack of market moving economic data releases.
US Dollar
The US Dollar advanced strongly against the Pound yesterday due to the Bank of England inflation report. The ‘Greenback’ is forecast to strengthen further throughout today’s session as economists turn …

The Pound was little changed against its major peers as the market awaits the publication of the Bank of England’s inflation report and employment data. Speculation is growing that the BoE will announce downward revisions to its earlier forecasts but will still show that the UK continues to be the fastest growing G-7 economy. Unemployment is expected to decline and wages are expected to rise, which could limit downward movement from the BoE revisions.
US Dollar
The US Dollar softened against most rivals on Tuesday as the quiet session led to investors …