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Pound Struggles Against US Dollar and Euro

  • 21 September 2020

As Friday came to a close, the Pound found itself range-bound after news started to emerge that coronavirus cases were reaching a critical point. This meant that the government is considering additional restrictions that could hold the economy back which…

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GBP/USD Exchange Rate Continues to Grow

  • 16 September 2020

The Pound exchange rates continued to recover during Tuesday even with the ongoing Brexit concerns still looming over the currency. There was also bad news in the form of the latest job figures although these figures did not affect investors.…

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Small Recovery For The Pound Despite Brexit Concerns

  • 15 September 2020

Through trading on Monday the Pound made a slight recovery following growth in support for opposing the internal market bill that Boris Johnson has put forward. However, Brexit is still going to become a sticking point for the currency moving…

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EU Legal Action Causes GBP/EUR Rate to Plummet

  • 11 September 2020

During trading on Thursday, the Pound plummeted reaching a new six-month low against the Euro with the exchange rate dropping to 1.0836 while it also dropped to 1.2817 against the US Dollar. This followed news that the EU planned to…

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New Six-Week Low For Pound To Euro Rate

  • 10 September 2020

A new six-week low was hit during trading on Wednesday as the Pound to Euro exchange rate dropped to 1.1016 as indicated by the Foreign Exchange market. This followed the publication of the internal market bill from the UK government…

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No-Brexit Deal Weighs Heavily On The Pound

  • 8 September 2020

The idea of a no-deal Brexit caused the Pound to plummet through trading on Monday. With news that the UK is looking to overlook sections of the EU withdrawal agreement, the currency suffered from significant pressure. This caused the Foreign…

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Brexit Concerns Cause The Pound To Plummet

  • 7 September 2020

At the end of the week, the Pound slumped against the US dollar, finishing at 1.3253 according to the Foreign Exchange Market while it did not fare well against the Euro either, finishing at 1.1191. On Friday, the Bank of…

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US Dollar Continues Its Recovery

  • 4 September 2020

It was a defensive day for the Pound on Thursday as the services PMI came in lower than expected, while it also suffered at the hands of the underperforming job market in the UK. The figures for August indicated that…

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BOE and Brexit Concerns Leave Pound Weak

  • 3 September 2020

The was a slight dip in the Pound to US Dollar rate on Wednesday, with the rate dropping to 1.3354 according to the Foreign Exchange Market. Concerns were made by the Bank of England which indicated that the coronavirus outbreak…

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GBP/EUR Rate Reaches 11 Week High

  • 2 September 2020

The pound made some positive moves during trading on Tuesday as it reached an 11-week high against the Euro with a rate of 1.1235 according to the Foreign Exchange Market. Along with this, the currency also took off against the…

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New high For Pound to US Dollar Exchange Rate

  • 1 September 2020

Following comments from the Bank of England Governor Andrew Bailey that suggested that monetary tightening is still some way off, trading was somewhat mixed through the final session of the week last week. Despite this, there were some gains in…

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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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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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