British pound news

The Euro has been extraordinarily negative against the British pound on Friday, as the economic figures in the United Kingdom continue to impress, suggesting a hesitant Bank of England.

The British pound has rallied quite nicely against the Swiss franc on Friday as the Retail Sales figures came out hot in the United Kingdom.

The British pound continues to rise against the US dollar on Friday, as we have seen a lot of strength in the UK economy.

The GBP/USD exchange rate jumped to the highest level since September last year, continuing an uptrend that started in November last year when it bottomed at 1.3017. It rose after the UK published strong macro numbers, raising the odds of a Federal Reserve and Bank of England divergence.

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GBP/USD continues to struggle below the key 1.35 resistance level, with signs of exhaustion offering potential short opportunities targeting 1.3310.

The state borrows to fund day-to-day spending as well as long-term infrastructure projects.

The GBP/USD pair is poised for a bullish breakout above 1.3430 as strong UK inflation data and easing US-UK trade tensions fuel upside momentum.

It is the last set of monthly inflation figures before the next interest rate decision on 5 February.

UK Inflation has dropped back from record highs but remains above the Bank of England's 2% target.

The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.

In Davos, Canada's PM Mark Carney said his nation stands with Greenland amid Trump's pursuit of the world's largest island. Carney also sharply criticized the US-led global order. DW has more.

GBP/USD continues its upward momentum, fueled by a weakening US dollar and strong UK jobs data, with a bullish flag pattern targeting 1.3565 in the near term.

GBP/JPY pulled back after an early Tuesday rally, but the wide interest rate differential continues to favor buying the pair on dips near the ¥210 support zone.

Official figures show that the pace of private sector wage growth slowed to the lowest rate in five years.

The British Pound has been gaining very strongly against the US Dollar this week, but bulls now face a test as the price runs into resistance levels clustered around $1.3500.

The British pound rebounded from a gap lower on Monday amid thin US holiday trading, with attention now turning to key UK data and resistance near 1.35.