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Brexit Continues to Cause Problems For the Pound

It was Brexit uncertainty yet again that caused the Pound to dip during trading on Thursday. This concern saw the Pound to US dollar drop to 1.3354 while currency held firm against the Euro at 1.1232 according to the Foreign Exchange Market. This was fuelled

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Pound to Euro Suffers Following Brexit Deal Concerns

The Pound lost some ground during midweek trading on Wednesday after new concerns about a Brexit trade deal forced it to dip. The comments from the European Commission president put pressure on the currency while the 2020 Spending Review from Rishi Sunak also indicated that

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The Pound Rallies Against the US Dollar

The Pound reached an 11 week high against the US Dollar on Monday after news of the latest vaccine showed it had excellent levels of efficacy. This caused the currency to soar as hopes increased around the possibility of a vaccine being rolled out soon.

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Potential Vaccines Boost Market Sentiment

Through Friday’s session, the Pound to US Dollar rate soared following news that a post-Brexit trade deal is likely. Furthermore, the currency was also boosted by news that retail sales in October came in higher than forecast. Along with this, the news of yet another

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Potential Brexit Deal Gives Pound a Boost

The Pound edged higher on Tuesday with news that it could be as early as next week when a post-Brexit trade deal could be signed off. Investors were boosted with the news although the gains seen were relatively subdued as fishing rights and the differences

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Euro to US Dollar Rate Reaches One Week High

The Pound didn’t perform particularly well against its peers on Monday with Brexit talks still causing an element of uncertainty for investors. This was not helped by the news that Boris Johnson also claims that the UK can still prosper even if a deal is

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Pound Gathers Momentum After Brexit Hope

There were some good gains seen by the Pound as the session closed on Friday. This came after further news became apparent that Brexit talks are going to continue even though the November deadline had been missed, something that helped to boost the appeal of

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UK GDP Underwhelms and Drives Pound Down

Following the news that the UK’s preliminary GDP estimate came in lower than expected on Thursday, the Pound fell back. Despite this being a record increase in quarterly growth it doesn’t hide the fact that the economy in the UK is 8.2% smaller than before

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Pound Strengthens Against Euro and US Dollar

There was a significant amount of upward movement in the Pound on Tuesday with the Pound to Euro rate reaching €1.12 while the GBP to USD rate soared past $1.32 according to the Foreign Exchange Market. As wage growth figures were better than expected, the

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GBP to USD Rate Soars Past 1.31

The Pound pushed higher on Thursday, going beyond the 1.31 mark against the US Dollar while it also improved against the Euro finishing at 1.1119 according to the Foreign Exchange Market. After the Bank of England announced that they would be injecting £150bn into the

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US Election Dictates Market Movement

With the hopes that the UK and the EU will come to a trade deal, the Pound gathered some momentum on Tuesday as it trended higher. This optimism is still held on by a thread as there are still agreements to be reached but continuing

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Pound Suffers at the Hands of a New National Lockdown

Investors responded to the news that the UK would be entering another national lockdown and that caused the Pound to trend lower on Monday. There are some serious concerns of a double-dip recession with growth forecasts for Q4 being significantly reduced from 3.6% to 2.4%.

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New Four-Week Low For the Pound to US Dollar Rate

Through trading on Friday, the Pound had strengthened after Brexit optimism boosted its appeal, especially as it was announced that talks were progressing well. However, the gains were short-lived after news of a second lockdown became apparent and this was proven over the weekend as

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Euro Takes A Fall As Outlook is Worrying For Q4

There were more murmurings on Thursday that the UK could go into a full second lockdown as a result of growing coronavirus cases. This forced the Pound to edge lower, rounding off the day at 1.1073 against the Euro and 1.2928 against the US Dollar

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Brexit Optimism Impacts GBP/EUR Rate

The Pound moved slightly higher on Tuesday as further Brexit optimism helped to give it a slight boost. Despite this, retailers reported that sales were down this month, which put them at a level not seen since June which resulted in the gains being dampened

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Pound Loses Some Of Its Gains as GBP/USD Rate Falls

Despite the Pound skyrocketing on Wednesday, it was a different story during trading on Thursday. After some profit-taking, the Pound lost some ground which saw it drop down to 1.3081 against the US Dollar and 1.1065 against the Euro according to the Foreign Exchange Market.

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Failed Brexit Talks Cause GBP to Euro Rate To Drop

As trading got underway on Monday, the Pound moved higher based on the fact that Brexit talks would continue between the EU and UK negotiators. So, with further trade talks being held in order to break the deadlock, the currency strengthened but this soon came

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Brexit Talks Leave The Pound Volatile

There was a lot of movement between the GBP to Euro and GBP to US Dollar rate on Friday and this was dictated by the Brexit news and whether the trade talks would continue. This saw the rates finish the day off at 1.1031 and

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Tougher Restrictions Force GBP to USD Rate Down

The Pound lost some ground on Thursday after the GBP to US Dollar dropped by 2 cents to 1.2901 while the GBP to Euro rate finished the day at 1.1021 according to the Foreign Exchange Market. Investors were concerned about the fact that London is

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New Month High For The Pound To Euro Rate

After the introduction of a new tier-based system to tackle rising coronavirus cases on Monday, the Pound to Euro rate moved to a new monthly high of 1.1059 according to the Foreign Exchange Market. The currency strengthened after it was identified that most of the

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Increase in Pound To US Dollar Rates

Through trading on Friday, the Pound to US Dollar exchange rate soared to 1.3048 while the currency also made gains against the Euro, reaching 1.1031 according to the Foreign Exchange Market. It was a mixed day as the Pound did lose some ground during the

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Stimulus Hopes Sees GBP and USD Rate Rise

Continued Brexit uncertainty left the Pound struggling again on Wednesday as recent headlines suggested progress was being made although several key issues were still not being addressed. These issues could cause problems for the currency, especially if a deal is not made. The deadline of

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New Three Week High for Pound to Us Dollar Rate

It was a mixed day for the Pound on Monday after it reached a new three-week high against the US dollar of 1.2991 while there wasn’t much movement in the Euro rate, finishing the day at 1.1021 according to the Foreign Exchange Market. Despite the

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Brexit Negotiation Hopes Give Pound A Boost

With progress being made on UK-EU Brexit negotiations, the Pound moved higher during trading on Friday. The currency saw an increase in the rate against the Euro and the US Dollar at 1.104 and 1.2936 respectively, according to the Foreign Exchange Market. Brexit negotiations have

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Mixed Day Of Trading For The Pound

It was a day of highs and lows for the Pound during trading on Thursday following a number of announcements relating to Brexit, causing the currency to move significantly against the Euro and US Dollar. Initially, there was a large dip in exchange rates following

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GBP/ EUR Rate Takes Off

The Pound picked up momentum on Wednesday, making gains against both the Euro and the US dollar with the Foreign Exchange Market showing rates of 1.102 and 1.2927 respectively. Speculation surrounding interest rate cuts were dampened following comments from the Bank of England, helping to

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