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New One Month High for Pound to Euro Rate

An increase in economic optimism helped to bolster the Pound on Tuesday as sentiment increased. This upbeat tone followed the latest news of covid restrictions being eased from next week, and that resulted in hopes for a significant economic rebound this year. As a result,

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Pound Soars Against the Euro and US Dollar

The Pound grew considerably against the Euro and US Dollar, rounding off Monday at 1.1639 and 1.4128 respectively, according to the Foreign Exchange Market. This came after investors were happy that the Scottish National Part failed to achieve an outright majority during the elections last

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Poor Payrolls Cause USD to Slump While Pound to USD Soars

The Pound took a stronger stance on Friday after the political concerns that placed pressure on the currency had eventually easied with the closing of the local elections. However, any upside to the Pound remained capped following the speculation surrounding the Scottish election. At the

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Bank of England Policy Decision Drives Down Pound

The Pound trended lower on Thursday after investors reacted to the latest policy meeting of the Bank of England. The meeting this month saw the Bank of England change its growth forecast for 2021, leaving investors concerned about a possible change to the monetary policy.

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Double-Dip Recession Causes Euro Rate to Plummet

As last week came to a close, the Pound found itself on the back foot after concerns around the cash for curtains grew. The scandal could damage the Conservative Party at a time when the country is grappling to overcome the impact of coronavirus. Therefore,

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US Dollar Takes a Firm Stance Against the Pound and Euro

The Pound moved higher on Thursday, as the currency started to benefit from the further opening of the economy as well as the continued success of the vaccine rollout. While the upswing proved promising, gains were limited after ongoing scandals within the government continued to

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New Two Month High for Euro to US Dollar Rate

The Pound experienced some decent gains on Friday after the latest release of UK data helped to create an upbeat mood. There were improvements seen in both the retail sales and PMI figures, both of which came in higher than expected. However, investors still had

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Key Resistance Level Passed for Euro to US Dollar Rate

Through trading on Monday, the Pound edged higher as it benefited from optimism that moved through the markets. Sterling sentiment was also boosted by news that the majority of the economy continues to hope for a significant rebound during the summer. However, the latest jobs

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The Pound to Euro Rate Weakens

The Pound lost some traction on Tuesday following the news that Chief Economist Andy Haldane will be leaving the Bank of England in June. This saw rate hike expectations change, especially as the BoE would be likely to retain a dovish approach, forcing the Pound

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UK Reopening Gives Pound to US Dollar a Boost

The end of last week ended in a  strong position for the Pound following the increased revision of the latest manufacturing PMI. This saw the manufacturing PMI increased to 58.9 in March. However, as this week unfolds, investors will have their focus on the progress

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Pound to Euro Rate Soars to One-Year High

The Pound edged higher on Wednesday as it was boosted by the latest GDP figures. The latest release for the final quarter of 2020 showed that growth had been revised to 1.3% from 1% which means that the UK will not go through a double-dip

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New Five-Month Low for Euro to Us Dollar Rate

There were some modest gains for the Pound on Tuesday as the success of the vaccination programme continued and investors took interest in the reopening of the economy, giving the currency a boost. Despite this, investors are still reluctant to commit to the Pound as

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New One-Year High for Pound to Euro

As the week came to an end, the Pound rallied following news that UK retail sales had rebounded in February. This helped to boost the currency while the ongoing vaccine programme is continuing to gather pace with over 30 million people vaccinated. Investors are going

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New One Week High for Pound to Euro

The Pound strengthened through trading on Thursday as investors took hope from the news that EU leaders were not keen on supporting a block on vaccine exports. The currency also benefited from reports that touched on concerns that any potential restrictions from the EU could

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New Two Month Low for Pound to US Dollar Rate

On Wednesday the Pound moved lower against a number of its peers as it reacted to a disappointing consumer price index, which saw domestic inflation slow. However, there was some positive news as the latest PMI figures indicated that the UK had rebounded in the

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Pound to US Dollar Slumps as US Demand Rises

There was little support for the Pound yesterday as the currency continued to fall victim to the ongoing problems between the EU and the UK over vaccines. The struggle couldn’t even be lifted by news that unemployment had dropped and wages had grown in January.

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US Dollar Surges While Pound and Euro Both Struggle

Through Friday’s session, the Pound found itself on the defensive as the latest news about vaccine shortages left very little support for the currency. This shortage left investors concerned that the UK could fall behind its roadmap out, which would mean a delay in opening

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Vaccine Concerns Impacts Pound and Euro

Tuesday began with a slow start for the Pound as it hit a number of lows against many of its peers following news that more countries had suspended their rollout of the AstraZeneca vaccine.  Despite this, the losses were capped after the European Medicines Agency

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New One-Week Low For Pound to US Dollar

The Pound experienced very little movement on Monday despite the government claiming that every adult will receive their first vaccine by early June. However, a lack of movement was likely due to the news that the EU had launched legal action against the UK for

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Pound to US Dollar Rate Rallies

It was a day of stability for the Pound on Wednesday after the ongoing success of the vaccine programme continued to support the currency. However, the opening of schools and the potential rise in cases over the coming weeks forced investors to show concern. The

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Pound Strengthens as EUR/USD Rebounds

An improvement in market mood meant that the Pound could trend higher on Tuesday, bolstered by the continued success of the UK’s vaccine programme. While these gains were welcomed, they were tempered by news that the reopening of schools is likely to lead to an

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Pound to Euro Hits New One-Week High

On Thursday, the Pound to Euro rate crept up to 1.161 while it dropped to 1.3893 against the US Dollar according to the Foreign Exchange Market. Investors continued to digest the latest budget news and although there is a concern around taxes, investors are optimistic

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Pound to US Dollar Rate Holds Firm

The Pound nudged higher on Wednesday as investors embraced the 2021 budget statement from Chancellor Rishi Sunak, as he made it clear that he will do everything possible to help the recovery of the economy. However, news that corporation tax would be increased in 2023,

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Dip in Pound to US Dollar Rate Continues

With the impending budget, the Pound remained fairly subdued on Monday as talk of tax hikes caused concerns. While these worries placed pressure on the currency, the vaccine rollout and hopes of a quick economic recovery continue to limit any losses. It could be a

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