sterling

The UK pound slid to a 4-day low against the euro on Monday after a report showed U.K.'s manufacturing sector declined for the first time in two years in July. The sterling also depreciated against other majors.

The pound slipped to a 4-day low of 0.8788 per euro and the next downside target level for the UK currency is seen at 0.880.

The UK pound moved lower against its rivals in early European deals.

The pound declined to a 2-day low of 1.3714 against the Swiss franc, compared to 1.3816 mark achieved late New York Wednesday. At present, the pound is trading at 1.3720 against the franc with 1.37 seen as the next downside target level.

Against the US dollar, the sterling dropped to more than a 3-week low of 1.6116 and the next downside target level is likely seen at 1.60. At yesterday's close, the currency pair was worth 1.6196.

British pound surged up against major during its early European deals. The UK sterling appreciated to a 2-day high of 1.3777 against the Swiss franc and 1.6458 versus the US dollar around 3:20 am ET. On the upside, the pound may find target levels at 1.6560 against the buck and 1.38 against the franc.

Testing yesterday's peak, the pound reached as high as 132.0 against the yen before holding steady around 3:20 am ET. The pound-yen pair is presently worth 131.86 with 133.10 seen as the next likely resistance level.

Tuesday in early European trading the UK sterling declined from its previous session's highs against the currencies of US, Japan and Switzerland.

The pound is now trading at a 1-week low of 0.8735 against the euro with 0.875 seen as the next downside target level. At yesterday's close, the euro-pound pair was quoted at 0.8671.

The UK sterling surged higher during European deals as a report showed at 4:30 am ET that the U.K. economy expanded in the first quarter, in line with expectations.

The pound rose to a 5-day high against the dollar and a 2-day high against the yen. Meanwhile, the pound recovered from a fresh 2-week low against the euro.

During its European trades the Swiss franc continued rising against majors and have climbed to a fresh record high of 0.8775 against the U.S. dollar at 7:10 am ET. The pair, which closed last week's trading at 0.8863, is now quoted at 0.8784.

At 7:10 am ET, the franc touched a 10-day high of 93.44 against the yen, compared to last week's close of 92.41. The franc is presently trading at 93.36 against the yen with 94.00 seen as the next upside target level.

During European trades the UK pound surged to a new multi-month high against the U.S. dollar and a 3-day high against the yen after a report showed that the U.K. retail sales rose unexpectedly in March.

The pound also climbed against the franc and it recovered from a 1-week low against the euro.

The pound is now worth 1.6550 against the dollar, its highest level since December 04, 2010. This was up 0.8 percent from Wednesday's close of 1.6411. If the UK currency gains further, it may likely target the 1.700 level.

The UK sterling increased sharply against major counterparts in European deals after a report showed at 4:30 am ET that the U.K. service sector activity growth accelerated in March.

The pound is currently trading at a 12-day high of 1.6250 against the dollar, up 0.7 percent from yesterday's close of 1.6133. If the UK currency gains further, it may likely target the 1.635 level.

Against the euro, the pound is now trading at a 12-day high of 0.8732, compared to yesterday's close of 0.8818. On the upside, 0.865 is seen as the next target level for the pound.

The UK sterling depreciated against majors during early European deals dropping to near a 2-month low against the dollar and more than a 5-month low against the euro.

The pound declined to near a 2-month low of 1.5947 against the dollar at 4:55 am ET Monday. As of now, the pound-dollar pair is worth 1.5960 with 1.590 seen as the next downside target level. The pair closed last week's trading at 1.6032.

The British pound declined during European trades on Thursday coming to new multi-day lows against the US dollar, yen and the euro after a government report revealed that the retail sales in the U.K. declined more than analysts had predicted.

The pound slipped to a 6-day low of 130.71 against the yen and 1.6151 versus the US dollar following the data, down from yesterday's closing values of 131.39 and 1.6237, respectively. On the downside, the UK currency may find target levels at 127.0 against the yen and 1.6070 against the greenback.

In its early European session the UK pound depreciated against most majors. The pound reached 1.6028 against the US dollar around 3:00 am ET and this set its lowest level since February 16. The cable is currently worth 1.6037 with 1.60 seen as the next likely support level.

Against the euro, the pound fell to a 3-day low of 0.8624 at the same time and this may be compared to yesterday's close of 0.8593. The pound is presently worth 0.8625 against the euro and a move below the 0.8640 support could set its weakest level in six weeks.

The UK pound lost some of its early European gains versus major counterparts as the Bank of England decided to leave its key interest rate unchanged at a record low again as expected and maintained the size of the quantitative easing.

The pound that rose to a 6-day high of 134.38 against the Japanese yen just before the rate decision pared almost 50 pips shortly after the announcement. The pound-yen pair is presently trading around the 134.0 area. The next downside target for the pair is likely to be seen around the 133.50 level in near-term.

The British pound depreciated versus a basket of currencies on reports that U.K.'s services PMI declined more than expected in February.

The pound dropped to a 3-day low of 0.8517 against the euro around 4:50 am ET, compared to 0.8495 hit late New York Wednesday. On the downside, 0.8560 is seen as the next likely target level for the pound. The euro-pound pair is presently trading at 0.8512.

The UK sterling regained its losses and recovered from a 2-day low against the currencies of U.S., Japan and Switzerland as a report showed that U.K.'s construction PMI unexpectedly rose in February.

The pound is currently worth 133.52 against the yen and 1.6290 against the dollar, up from a 2-day low of 132.86 and 1.6218, hit respectively in Asian deals. If the pound advances further, it may likely target 134.0 against the yen and 1.633 against the dollar. The pound-yen pair closed yesterday's trading at 133.18 and the pound-dollar pair at 1.6271.

The UK pound appreciated further against majors following a government report showed that the UK retail sales in January rose much more than analysts had predicted. Yet, the weak domestic stocks limited the sterling's uptrend against the dollar and yen.

The pound rose to a 2-day high of 0.8367 against the euro around 5.05 am ET. The pound is presently worth 0.8370 per euro, up almost 50 pips from Thursday's close. On the upside, 0.8350 is seen as the next likely target level for the sterling.