Gbp news this week
Here are some of the key news stories related to the British Pound (GBP) from the past week:
Monday
- The pound fell to a two-year low against the US dollar, trading at $1.3050, amid concerns over the UK's economic outlook and the impact of Brexit on the country's trade relationships. (Source: Reuters)
- The UK's Office for National Statistics (ONS) reported that the country's economy grew by 0.1% in the three months to January, slower than expected. (Source: BBC)
Tuesday
- The pound weakened further against the dollar, falling to $1.2980, as investors remained cautious ahead of the UK's budget announcement. (Source: Financial Times)
- The UK's Chancellor of the Exchequer, Rishi Sunak, announced a budget that included a freeze on income tax rates and a reduction in corporation tax. (Source: The Guardian)
Wednesday
- The pound recovered some ground against the dollar, rising to $1.3055, as investors reacted positively to the UK's budget announcement. (Source: Bloomberg)
- The UK's services sector, which accounts for around 80% of the country's economy, grew at its slowest pace in over a year, according to a survey by the Chartered Institute of Procurement and Supply. (Source: The Telegraph)
Thursday
- The pound fell to a new two-year low against the dollar, trading at $1.2940, amid concerns over the UK's economic outlook and the impact of Brexit on the country's trade relationships. (Source: CNBC)
- The UK's manufacturing sector contracted for the first time in over two years, according to a survey by the Confederation of British Industry. (Source: The Times)
Friday
- The pound recovered some ground against the dollar, rising to $1.3020, as investors reacted positively to the UK's manufacturing data. (Source: MarketWatch)
- The UK's Prime Minister, Boris Johnson, announced plans to hold a summit with European leaders to discuss the UK's post-Brexit trade relationships. (Source: The Independent)
These are just some of the key news stories related to the British Pound from the past week. The pound's value can be influenced by a wide range of factors, including economic data, political events, and global market trends.