British Pound Sterling Live: GBP in fresh sell-off as UK retail sales disappoint and Mark Carney lays down his dovish credentials · Email.

Pound Sterling Live on Tuesday 21: GBP receives a battering as UK inflation figures come in well below expectations · Print · Email.

The British pound sterling (Currency:GBP) has strengthened through the course of Monday; however the currency is unlikely to trade into fresh territory ahead of the busy week that lies ahead.

Our central scenario is for a modest pick-up in GDP growth but the defining feature of the UK economy will continue to be protracted deleveraging.

Medium term momentum has become supportive of sterling (despite the recent short-term setback) and also for CAD which at the same time saw an increase in 2Y swap rates on a monthly basis.

The US dollar has slipped back against the pound sterling on the back of a slew of weaker-than-forecast data releases. GBP/USD is 0.33 pct higher 1.5286.

Please Note: The above are quotes from the inter-bank market. When passing on their retail rates banks will ADD their own discretionary spread, driving up the cost of currency.

The British pound sterling (Currency:GBP) took a big hit yesterday after UK inflation declined by more than expected; analysts are now seeing weaker inflation in their forecasts which leaves room for more GBP-negative quantitative easing at the Bank of ...

The Pound could strengthen further later in the session as analysts await the Bank of England's quarterly report of economic analysis and inflation projections.

The British Pound has advanced against the majority of its peers after data showed that the nation's dominant services sector recorded its strongest rate of growth in April since last year's Olympic Games.