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Pound Grows Stronger Against the US Dollar And The Euro

  • 27 August 2020

The Pound strengthened against both the US Dollar and the Euro on Wednesday as the exchange rates reached 1.1168 and 1.322 respectively according to the Foreign Exchange Market. Any fresh Brexit concerns were alleviated by news that Downing Street had…

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Brexit Deal Unlikely Forces Pound To Nosedive

  • 24 August 2020

As the week came to a close, the Pound dipped through trading on Friday as a result of Brexit concerts. It slipped against both the Euro and the US dollar, finishing the day at 1.1097 and 1.309 respectively. This all…

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A New GBP/USD Exchange Rate High Could Be Close

  • 21 August 2020

Through trading on Thursday, the Pound gathered momentum as the Pound to US Dollar exchange rate managed to gain back some of its losses. A lack of Brexit progress didn’t hold investors back as they were bullish in their actions…

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Economic Uncertainties Drive Down GBP/USD Rate

  • 20 August 2020

The release of the latest consumer price index caused the Pound to go on the defensive during trading on Wednesday. Inflation moved to the highest figure for four months, reaching 1% although this is likely to be short-lived. This added…

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Market Optimism Holds Back Us Dollar

  • 17 August 2020

Throughout Friday trading, the Pound benefited from hopes that the UK economy was taking another step towards recovery after more areas were opened on Saturday. The Pound / USD exchange rate moved higher although the GBP / Euro rate remained…

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Improved Market Sentiment Benefits The Euro

  • 14 August 2020

There were some improvements for the Pound during trading on Thursday as the currency took advantage of its weaker peers. The UK economy has been hit with bad news this week and so, moving higher during trading helped to ease…

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UK Employment Puts Pressure On The Pound

  • 11 August 2020

The pound took advantage of its weaker peers during early trading on Monday and this helped to set it off on the right foot for the new week. However, what is causing problems for the currency is the fact that…

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Bank of England News Gives Pound A Boost

  • 6 August 2020

There was a lack of direction for the Pound on Wednesday after the currency suffered from Brexit concerns and coronavirus worries. Much of the anticipation however, was around the rate decision that was to be announced by the Bank of…

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Pound Slows Down While US Dollar Rebounds

  • 4 August 2020

News that London could be placed into lockdown caused the Pound to go on the defensive during trading on Monday. As coronavirus cases grow, placing London into lockdown could have serious implications on the economy and that caused investors to…

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