The British Pound Sterling (Currency:GBP) is looking rather heavy this morning with a break below 1.18 against the pound looking distinctly possible.

"The current environment is poise for GBP, with better data prints, a quiet period before Mark Carney takes over as Governor of the BoE and broad based USD weakness.

"The combination of previously stretched short-term valuations and economic data surprises hint that GBP's recent recovery has been driven by tactical position taking rather than long-term positions based on a perceived improvement in the UK's ...

The pound sterling / US dollar exchange rate is 1.11 pct higher at 1.5434. The pound sterling / Australian dollar rate is 0.71 pct up at 14959.

The British pound sterling (Currency:GBP) is today living up to its reputation of a currency market comeback-back kid. The pound to euro exchange rate is flat on Friday's closing rate; GBP/EUR is at 1.1876.

The pound to US dollar exchange rate is meanwhile flat - traders are apparently unable to make up their minds as to what today's events in Europe mean for this pair.

On a day in which we see the UK Indepence Party making themselves heard we should remind ourselves why it would be a self-inflicted injury of significant proportions were the UK to split from the Eurozone. This chart from Berenberg Bank tells a telling ...

"Sterling continued its upward trend on Friday strengthening for a fifth day against both the euro and the US dollar following Thursday's news the UK had avoided a triple-dip recession and grown slightly beyond expectations. The main data released this ...

British Pound Sterling Live on Tuesday: GBP "still has scope for new highs" say Lloyds Bank Research; M4 money supply and mortgage approval data to be of interest · Email.

Although the U.K. is expected to face a 'muted' recovery, it appears as though the BoE is slowly moving away from its easing cycle as the board sees scope to extend the Funding for Lending Scheme, and the shift in the policy outlook may carry the ...