Pound hits 2-month high against struggling dollar

Wed, 27 Feb 08 15:00 pm

The pound rose against an embattled dollar on Wednesday to its highest this year, closing in on $2 as the outlook for the U.S. economy soured and expectations of Federal Reserve rate cuts increased further.

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Sterling steady, eyes on data, BoE's Lomax speech

Tue, 26 Feb 08 15:00 pm

Sterling held steady against the dollar on Tuesday, taking a breather after hitting a one-week high recently as investors awaited a barrage of data due this week for fresh signs of the health of the British economy.

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Soft UK housing data knocks sterling vs dollar

Mon, 25 Feb 08 15:00 pm

Sterling fell versus the dollar on Monday after a fall in British annual house price inflation to a 22-month low backed the case for more growth-boosting interest rate cuts.

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Sterling up as retail sector buoys sentiment

Fri, 22 Feb 08 15:00 pm

The pound strengthened versus the euro and dollar on Friday as robust UK retail data the previous session eased expectations about the extent of monetary easing likely from the Bank of England.

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Sterling edges up from 1-mth low vs dlr, data eyed

Thu, 21 Feb 08 15:00 pm

Sterling recovered from one month lows versus the dollar on Thursday as some investors speculated that UK retail sales data could surprise on the upside, potentially dampening rate cut expectations.

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Sterling down vs yen, eyes on BoE minutes, data

Wed, 20 Feb 08 15:00 pm

Sterling lost ground against a firm yen on Wednesday but was little changed against the dollar and euro as investors awaited key British data.

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Pound at 1-mth low vs euro, banking worries weigh

Tue, 19 Feb 08 15:00 pm

Sterling slipped to a one-month low versus a firm euro on Tuesday as investors remained downbeat about the prospects for the UK economy and fretted about the chances of more bad news from the banking sector.

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Sterling pares recent gains vs euro, dlr

Fri, 15 Feb 08 15:00 pm

Sterling slipped against the euro on Friday, extending its retreat from a two-week high set a session earlier as investors pared some bets against the euro ahead of the weekend.

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Sterling up above $1.97 for first time in a week

Thu, 14 Feb 08 15:00 pm

Sterling rose above $1.97 against the dollar and hit a two-week high against the euro on Thursday as investors continued to buy the currency following Wednesday's Bank of England inflation report.

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Sterling falls on weak housing data ahead of BoE report

Wed, 13 Feb 08 15:00 pm

The pound fell versus the dollar on Wednesday as weak UK house price data backed the view that rates are headed lower soon and on expectations that the Bank of England's inflation report would lower growth forecasts.

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Sterling holds steady before CPI data

Tue, 12 Feb 08 15:00 pm

Sterling held steady versus the dollar on Tuesday, away from two-week lows set last week, as strong retail sales data indicated that the UK economy may not be in such a bad shape as many investors had feared.

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Sterling slips as investors eye inflation report, data

Mon, 11 Feb 08 15:00 pm

Sterling weakened broadly on Monday, with investors waiting to see if widespread expectations of further interest rate cuts this year are backed by a heavy slew of UK economic indicators over the next few days.

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Sterling edges up vs dollar after fall

Fri, 08 Feb 08 15:00 pm

Sterling recovered slightly against the dollar on Friday after reaching a two-week low in the previous session and as investors awaited the start of a meeting of the Group of Seven industrialised countries in Tokyo.

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Sterling extends losses on weak manufacturing data

Thu, 07 Feb 08 15:00 pm

Sterling extended losses versus the dollar on Thursday after UK industrial output data came in weaker than expected, adding the case for interest rate cuts from the Bank of England.

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Sterling slips to 2-wk low vs dollar, BoE cut eyed

Wed, 06 Feb 08 15:00 pm

Sterling fell to a two-week low versus the dollar and eased against the euro on Wednesday as investors positioned for a widely-expected Bank of England interest rate cut on Thursday.

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Sterling steadier after rebound, seen rangebound

Tue, 05 Feb 08 15:00 pm

Sterling took a bit of a breather on Tuesday after a broad rebound in the previous session as investors awaited the outcomes and fresh comments from key central bank meetings later this week.

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Pound strengthens but rate cut view keeps up pressure

Mon, 04 Feb 08 15:00 pm

Sterling strengthened versus the dollar and euro on Monday as investors covered short positions after heavy sterling selling the previous session.

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Sterling steady vs euro, manufacturing PMI eyed

Fri, 01 Feb 08 15:00 pm

Sterling steadied versus the euro on Friday as investors looked ahead to UK manufacturing data for clues on how soft the economy is and thus how far the Bank of England will need to cut interest rates this year.

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Rising consumer confidence in the UK and a hike to 2014 GDP forecast by the BCC earlier this week...

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