Prime News: British pound plummets as traders bet BOE won’t raise rates

The British pound hit its lowest level versus the US dollar in nearly three weeks Wednesday following investors still speculate the Bank of England won’t increase interest rates until 2016. The Markit/CIPS construction Purchasing Managers’ […]

Prime News: British pound retains gains as inflation climbs

The British pound held its advances Wednesday following UK inflation rate surged in July, retaining bets the Bank of England will raise interest rate soon. The Office for National Statistics reported the Consumer Price Inflation […]

Prime News: British pound reaches 1-month low on mild UK inflation data

The British pound declined to a one-month trough versus the euro Tuesday, affected by data showing UK inflation plunged to zero last month, its weakest since records started, amplifying speculations interest rates would remain low. […]