The Pound Sterling (GBP) is under pressure on Friday and it appears the UK currency will close off this week on the back-foot. Losses against the EUR, NZD and AUD are stark. However it must be noted that for the GBP most pressures are external in nature.

April 4,2014

The Pound Sterling (GBP) remains well bid but we are seeing losses against the Australian and New Zealand dollars. Ahead today we have the Bank of England decision. Watch the GBP to EUR exchange rate as the ECB could well spring a surprise at mid-day.

April 3,2014

The British Pound (GBP) exchange rate enjoyed a strong day of gains despite concerns over the UK inflationary picture. Dominating proceedings was the release of the Markit Services PMI figure which beat expectations and confirmed the UK's economic outperformance of other developed nations remains intact.

April 2,2014

A continuation of decent domestic data and risks elsewhere suggests demand for the British pound (GBP) will likely persist. But we may need to see a further pick up in speculative GBP long positions to see GBP/USD higher warns one analyst.

April 1,2014

The British Pound (GBP) will today be driven by geo-political risks emanating from Eastern Europe as well domestic data out of the UK economy in the form of Manufacturing PMI.

March 10,2014