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Pound Continues Its Rally While US Dollar Struggles On

  • 30 July 2020

Following some cautious mark optimism, the Pound continued to strengthen through trading on Wednesday. The latest housing figures from the Bank of England that indicated there was a sharp rise in mortgage approvals last month also helped to boost the…

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Euro Takes Advantage Of Weak US Dollar

  • 28 July 2020

There was nothing notable yesterday to bolster the Pound but it did manage to hold steady, taking advantage of the weak US Dollar. However, the currency is still under mounting pressure from a lack of certainty surrounding Brexit although reports…

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Euro Reaches New 18-Month High

  • 23 July 2020

The news that the UK was ready to abandon Brexit trade negotiations left the pound on the defensive during trading on Wednesday. Talks had stalled and this meant that it was looking likely that ministers were planning on basing any…

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Four-Month High for Pound US Dollar Exchange Rate

  • 22 July 2020

Tuesday saw the pound strengthen when it came to trading risks as the exchange rate for the Pound and US Dollar soared up to $1.2731, while it dropped slightly against the Euro to 1.104 according to the Foreign Exchange Market.…

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Impressive Growth In Pound Exchange Rates

  • 21 July 2020

The Pound started Monday off well, increasing against many of its peers even after the Bank Of England announced again that the UK is experiencing a V-shaped recovery. There are still concerns about the relationship with China after the extradition…

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A Stable Day Of Trading For The EU

  • 17 July 2020

The UK is facing a significant employment crisis and there are concerns that the jobless figures are not a true reflection of the problem the UK is facing. Therefore, the pound struggled during trading on Thursday as the Foreign Exchange…

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Rise In Inflation Gets Pound Moving Again

  • 16 July 2020

The pound bounced back during trading on Wednesday finishing the day off at 1.1032 against the Euro and 1.259 against the US Dollar according to the Foreign Exchange market. The currency reacted to news that the consumer price index was…

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New Two Week Low for GBP/Euro Rate

  • 15 July 2020

The latest GDP figures disappointed investors and that saw the Pound drop sharply during trading on Tuesday. The expected growth in the UK economy was expected to reach 5.5% during May but the figures painted a bleak picture, coming in…

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No Deal Brexit Still Causing Problems For The Pound

  • 13 July 2020

As Friday drew to a close, the pound remained fairly motionless during trading according to the Foreign Exchange market. It finished the day at 1.117 against the Euro and 1.2623 against the US Dollar. The currency struggled due to concerns…

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Brexit Uncertainty Slows Down GBP Exchange Rate

  • 10 July 2020

The pound continued its momentum through most of the trading session on Thursday after the currency still reacted to the stimulus announcement from Rishi Sunak. Despite this, sentiment dropped during the afternoon after it became apparent that British businesses would…

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A New Three-Week High For the GBP/USD Exchange Rate

  • 9 July 2020

Following the announcement from Rishi Sunak and the new stimulus measures designed to boost the UK economy, the Pound remained fairly stable, with minimal gains against the Euro and the US Dollar, rounding of Wednesday at 1.1127 and 1.261 respectively…

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Strong Day For The Pound As The Euro Suffers

  • 8 July 2020

As some of its peers weakened, the Pound took advantage on Tuesday and moved higher with the currency strengthening in readiness for the summer update from Rishi Sunak. This saw the currency round the day off at 1.1124 against the…

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Improved Eurozone Figures Bolster The Euro

  • 7 July 2020

On Monday, the Pound experienced a mixed day of trading on the foreign exchange market as it struggled against the performance of its peers due to a lack of any notable direction. This still occurred off the back of some…

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US Dollar Improves Amid Coronavirus Fears

  • 6 July 2020

As Friday came to a close, the Pound was relatively quiet and subdued. The lack of a Brexit deal was holding the currency back and this also left investors concerned too. According to the foreign exchange market, the pound finished…

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Brexit Concerns Can’t Dent The Strength Of The Pound

  • 3 July 2020

Through the trading session on Thursday, market optimism ensured that the Pound remained relatively strong, despite the currency being risk-sensitive. Even the current Brexit talks couldn’t cause the Pound to experience losses, this resulted in the Pound’s foreign exchange rate…

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