Pound Sterling (GBP)

GBP/EUR - Today's data summary

% change
Price Euros
As of 02:48 20 Jun 2018

GBP/JPY - Today's data summary

% change
Price Yen
As of 02:48 20 Jun 2018

GBP/USD - Today's data summary

% change
Price US dollars
As of 02:48 20 Jun 2018

Latest updates

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.

Sterling at seven day high v dollar

Sterling hit a seven-day high as the dollar fell and UK construction sector data narrowly beat market expectations.

In May, the pound fell 3.43 percent versus the dollar, its biggest monthly decline since 2016,

Sterling rose 0.2% to $1.3398, helped by broad dollar weakness. But it was it down 0.3% at 87.69 pence against a resurgent euro.

Sterling slips

£10 note

The pound traded near a five-month low of $1.33 - about 0.5% down - on signs of weakness in Britain's economy.

Sterling had been one of the best-performing currencies in 2018, but weak economic data and a recent surge in the dollar have erased all of its gains for this year.

Markets have radically scaled back expectations for when and how much the Bank of England will raise interest rates as economic growth slows.

Data on Friday showed GDP grew just 0.1% in the first quarter.