Tag Archives: sinks

Pound US dollar exchange rate sinks as UK inflation remains at three-year low

The pound US dollar exchange rate dipped by -0.3 percent today, with the pairing currently trading around $ 1.308 after the UK year-on-year inflation figure held at a three-year low of 1.5 percent in November. The report also showed that UK inflation continues to undercut the Bank of England’s target of 2 percent by a wide margin. Daily Express :: ...

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Pound US dollar exchange rate sinks as UK inflation remains at three-year low

The pound US dollar exchange rate dipped by -0.3 percent today, with the pairing currently trading around $ 1.308 after the UK year-on-year inflation figure held at a three-year low of 1.5 percent in November. The report also showed that UK inflation continues to undercut the Bank of England’s target of 2 percent by a wide margin. Daily Express :: ...

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Pound US dollar exchange rate: GBP/USD sinks on Bank of England division

The pound US dollar exchange rate eased this afternoon after the Bank of England left its interest rate unchanged at 0.75 percent. This came despite two dissenting policymakers voting to cut the rate to 0.5 percent. The BoE was gloomy in its forecasts for the British economy, saying in its latest Monetary Policy Report: “Growth in the UK economy has ...

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