NB: The above quotes are taken from the wholesale markets - your bank will add their own discretionary spread to the figures when passing on their retail rate.

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 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 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 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 ...

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.

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.

"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 ...

On Friday a combination of the weaker-than-expected US GDP and the better-than-expected UK GDP released the day before allowed the Pound to rise to a two-month high against the US Dollar and strengthen against several of its other main rivals.