Above: GBP/EUR forecast at Lloyds.

Economic statistics that showed UK inflation is falling faster than expected has ensured pound sterling (GBP) sellers remain well off their best levels of 2015.

August 20,2014

The start of a new week saw a recovery for the under-fire pound sterling (GBP) - this after the unit had slipped lower against the euro, dollar and other majors despite the strength of the UK economy continuing to outshine its Eurozone counterpart.

August 19,2014

The pound sterling (GBP) has declined to its lowest rate against the US dollar (USD) in over four month's this week offering relief to sterling buyers using the buck as a funding currency.

August 17,2014

The British pound (GBP) has lost notable ground against the US dollar (USD) and euro (EUR) after the Bank of England made it clear there was no chance of an early UK interest rate rise.

Markets reacted with a flurry of sterling selling as they re-priced their positioning for a Spring 2015 rate rise.

August 15,2014

The British pound (GBP) has taken a hard knock on global exchange rate markets following the release of soft UK wage growth data and the Bank of England Quarterly Inflation Report (QIR) which pushed back expectations on an interest rate rise. Hefty losses have been witnessed against both the euro (EUR) and US dollar (USD).

August 15,2014

The pound sterling exchange rate complex (GBP) has endured a negative bias over recent weeks and it appears the outlook for the remainder of August will deliver more of the same.

August 13,2014