The outlook for the British pound sterling (Currency:GBP) is set to be event and data driven this week. There is also a broad-based sense that the currency will trade heavy.

The British pound sterling (Currency:GBP) is looking strong today in Thursday afternoon trade in London. The pound to euro exchange rate is 0.18 pct higher at 1.1845.

The Pound Sterling Live - The Heart-Beat of the British Pound. The British pound sterling live on Thursday: GBP rallies against the US dollar as US data releases miss the mark · Email.

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) is mixed today - at present there is little by way of GBP-specific action for traders to focus on so the wider themes surrounding the Yen, Aussie dollar and US dollar are driving markets at present.

The pound dollar exchange rate has taken a battering in late play in London. GBP/USD is 0.64 pct down at 1.5170. "The US dollar pushed higher against the other major currencies on Friday, as strong U.S.

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.

Sterling is mixed in late afternoon in London. There is a tangible degree of uncertainty as to where markets are heading this week.

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.

"GBPUSD's trek higher since March has stalled below 1.5600 in the last week, and needs to break above that level in the near term to maintain bullish momentum.