Pound Sterling (GBP)

GBP/EUR - Today's data summary

% change
Price Euros
As of 06:31 25 Jun 2018

GBP/JPY - Today's data summary

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Price Yen
As of 06:31 25 Jun 2018

GBP/USD - Today's data summary

% change
Price US dollars
As of 06:31 25 Jun 2018

Latest updates

Pound breaks through $1.33

Pound dollar

The pound has continued to make gains.

On Thursday it shot higher after it appeared that the Bank of England was shifting in favour of an increase in interest rates.

The pound powered above $1.32 yesterday and has broken through $1.33 today.

Some analysts think the gains could be limited though. Here's a comment from Derek Halpenny at MUFG.

"Even after yesterday’s appreciation, GBP/USD remains 7.5% lower than the peak set in April and we continue to expect a period of consolidation at these levels with scope for some modest appreciation if the data is viewed as consistent with a rate hike in August."

Markets: FTSE 100 up; Sky up; Pound down

The FTSE 100 has started the day with decent gains, up 0.4% at 7,658.

That adds to the 0.3% gain made on Wednesday.

Investors will be keeping an eye on the pound which has fallen in early trading, down to $1.3140. Yesterday it rallied above $1.32 after Prime Minister Theresa May won a crucial Brexit vote in Parliament.

Sky shares have added 1%, after rising more than 3% on Wednesday, when Disney raised its bid for the UK broadcaster.

Pound still struggling against the dollar

Pound dollar graph

The pound is still struggling against the dollar after falling to a 2018 low on the back of Trump's latest trade war outbursts.

It's down 0.7% on the day to $1.3153.

Pound slips to 2018 low against the dollar

Dollars and pounds
Getty Images

The pound has slipped to its lowest level against the dollar for the year.

It's fallen to $1.32, its lowest level since late November, on concerns about an escalation in the global trade dispute.

Economists eyes are focused on the Bank of England's policy decision on Thursday, in which it is expected to unveil its monetary policy stance for the rest of the year after a run of mixed data.

Pound heads lower

Pound dollar

The pound has been on an interesting journey this year. In April it rose as high as $1.4325 and seemed to be heading towards levels not seen since before the referendum on European Union membership in June 2016.

In the weeks before the referendum it was trading close to $1.50.

But since April the pound has fallen around 8%. That largely reflects the receding likelihood of an imminent increase in UK interest rates.

It is now firmly below $1.32.

Pound up, FTSE down

Getty Images

A quick check on how the markets are doing in the wake of the jobs and wages data.

Despite some analysts expressing concern about the slowdown in wage growth, the figures had very little impact on the markets.

The pound had edged up against the dollar ahead of the statistics, and it remains higher - up 0.1% at $1.3399.

The FTSE 100 had opened higher, but then headed south pretty quickly, and is now down 29.84 points at 7,707.59.

Shares in housebuilders are having a bad day after Crest Nicholson said its margins had been hit by higher costs and flat house prices. Shares in Crest are down 6.5%, and among its rivals Berkeley Group and Barratt Developments are both about 2.5% lower.

Pound remains weaker after data

Sterling is still trading lower since the release of the disappointing economic data earlier this morning.

The pound is down 0.4% against the dollar at $1.3362, and is 0.5% lower against the euro at €1.1336

Pound falls on weak economic data

Pound-dollar graphic

The pound has fallen sharply against other currencies following the latest wave of economic data.

Sterling had been trading higher against the dollar earlier, but it is now down 0.26% at $1.3376.

The latest data from the ONS indicated a sharp fall in manufacturing output in April, and a widening in the UK's trade deficit.