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Pound Slows in Pace as Euro to US Dollar Rate Soars

Following weeks of increasing rates, the Pound fell back slightly during trading on Thursday. This might indicate that the current run is coming to an end as investors begin to ready themselves for the Budget which is taking place next week. According to the Foreign

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Pound’s Run Retreats Slightly

On Wednesday, it looked as though the Pound’s current run could be easing off. The Bank of England might have played a role in this as recent comments claimed that the recent increase in GBP exchange rates could have a depressive effect on inflation. Despite

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Pound to US Dollar Continues it’s Impressive Run

Following the release of the lockdown exit roadmap, the Pound rounded off a strong start to Monday. As the Foreign Exchange Market indicated, the currency still made gains against the US Dollar reaching $1.4071 and €1.1566 against the Euro. While investors had hoped for a

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Pound to US Dollar Rate Goes Beyond the Key Level

As Friday came to a close, the Pound to US Dollar rate brushed aside the key level of resistance of $1.40 by reaching $1.4005 according to the Foreign Exchange Market. Furthermore, exchange rates strengthened thanks to the latest PMIs which indicate that the service sector

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Pound to US Dollar Rate Slows Down

During trading on Wednesday, the Pound to US Dollar rate nudged lower although the Pound to Euro rate remained steady finishing the day at 1.3866 and 1.1511 respectively, according to the Foreign Exchange Market. There was further optimism over the easing of lockdown following comments

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Pound to Euro Reaches a New Nine-Month High

Monday saw a strong start for the Pound after it reached a nine-month high against the Euro of 1.1468 while it reached 1.3913 against the US Dollar according to the Foreign Exchange Market. Optimism around the slow unlocking of the economy also gave the currency

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New 34 Month High for Pound to US Dollar Rate

Friday started slowly for the Pound although it did edge higher following the release of the latest GDP figures. The data showed that the economy had grown at a rate that was faster than expected during Q4 of 2020. Despite this, the gains were limited

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Slight Dip in Pound to US Dollar Rate

The Pound was relatively quiet on Thursday after the Bank of England claimed that the demands from the EU regarding the next round of Brexit talks are unrealistic. The BoE indicated that the stance from the EU could suggest that there are plans to cut

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US Inflation Holds and Pound to US Dollar Remains High

The Pound saw some decent gains on Wednesday in particular, reaching a 33-month high against the US Dollar. Exchange rates are still receiving considerable support from the success of the vaccination programme while the latest policy decision from the Bank of England surrounding negative rates

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New 30-Month High for Pound to US Dollar

Tuesday saw the Pound remaining fairly stable with one in four adults having the vaccine, giving the currency some support. The government aims to vaccinate 15 million people by the 15th February and by that point, all eyes will be on the impact and the

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Pound Suffers From a Mixed Day of Trading

As Monday started, the Pound found itself fluctuating following the continued concern over the latest coronavirus strain news and Brexit problems. While the vaccination rollout is gathering momentum, there is now a concern that the AstraZeneca vaccine might prove less effective against the South African

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Euro to US Dollar Moves from Two-Month Low

The Pound was mainly range bound on Friday even after it rallied on Thursday following the news from the Bank of England. The success of the vaccination programme is still providing support for the Pound although concerns about the current lockdown prevented any gains. This

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New 7 Week Low for Euro to US Dollar

The Pound struggled on Tuesday as developments in the Coronavirus situation left the currency seemingly motionless. As news of another variant emerged, it left investors wondering when the current restrictions are likely to be removed. This left the Pound finishing the day at 1.1347 against

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GBP to Euro Rate Soars

On Monday the Pound nudged higher following signs that coronavirus infections were beginning to level off. However, things improved for the currency after the release of the latest PMI figures following the higher revision of the finalised manufacturing PMI for January. The vaccine rollout continues

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Pound to US Dollar Rate Rebounds Thanks to Risk Appetite

It was a slow start for the Pound on Thursday over concerns that lockdown would be extended in England while investors were worried about the potential vaccine shortages. Despite this, things improved for the currency after vaccine concerns were dismissed by Minister Michael Gove. As

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Pound to USD Reaches 32 Month High

At the start of trading on Thursday GBP exchange rates soared as the Pound hit a 32 month high against the US Dollar as well as perform impressively against the Euro. Economic hopes increased around the news that the vaccine rollout is still gathering pace

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Pound Experiences Strengthened Exchange Rates

The Pound took a tough stance during trading on Tuesday, with investors taking hope from the speed at which the vaccines are being rolled out. The hope is that the first target will be met and that this will enable parts of the economy to

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Trade Sentiment Leaves GBP to USD Rate Volatile

At the start of the week, the Pound experienced some losses based on the ongoing impact that the current restrictions are having on the economy in the UK. However, the losses were limited after news that the current vaccination rollout is gathering speed, with news

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Coronavirus Figures Leaves the Pound and Euro Struggling

During the start of trading on Wednesday, the Pound received a lot of support, especially after the Bank of England downplayed the introduction of negative interest rates. Despite these gains, the currency was unable to hold onto them following the latest coronavirus news, with the

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Equity Sell Off Forces Pound to US Dollar to Plunge

The GBP to USD rate dipped during the start of trading on Monday but in contrast to this the Pound to Euro rate moved higher. There is still an element of concern around growing coronavirus cases and further restrictions, all of which reduced risk appetite

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New Vaccine Hope Pushes Pound to Euro Rate Higher

There were some solid gains seen in the Pound to Euro exchange rate on Friday as rates edged higher following news that another coronavirus vaccine from Moderna had been approved. Despite this, the gains were limited after a worrying number of cases were causing problems

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Vaccine Rollout Bolsters Pound to Euro Rate

Some good gains were seen in the GBP exchange rates on Thursday following news that the military would play a pivotal role in deploying vaccines to the whole of the UK. Despite the gains, they were capped by speculation that the Bank of England will

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News of Lockdown Easing Forces Pound to Struggle

Pressure mounted on the Pound on Wednesday after it became apparent that the new lockdown would only be lifted gradually come March. As a result, the new legislation that was passed by MPs didn’t help the currency although the losses were capped following comments from

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Improvement in Pound to US Dollar Rate

Through trading on Tuesday, the Pound remained fairly subdued as the news of a new lockdown, which could remain in place until March came into force. Despite this news, the currency benefitted from news that the Chancellor was offering an additional £4.6 billion in support

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UK Lockdown Places Pressure on the Pound

During trading on Monday, the Pound lost some footing against the US Dollar, dropping from the two year high of $1.36 to $1.357 according to the Foreign Exchange Market. Along with this, it also lost ground against the Euro, finishing off the day at €1.10.

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Pound Hits Three Month Low But Manages to Rebound

The start of the week for the Pound was one where a significant sell-off placed pressure on the currency on Monday following news of a new strain of coronavirus. As a result, many countries placed a ban on travellers. One of the countries was France

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Pound Loses Ground Following News of New Covid Strain

A lack of optimism surrounding a Brexit trade agreement forced the Pound to struggle on Friday. Furthermore, a new variant of coronavirus has also been found, causing concerns that the economy is going to be closed down once again, placing further pressure on the economy.

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Brexit Talks Continue to Take Hold of a Surging Pound

Through trading on Thursday, the Pound made further gains as a result of increased optimism surrounding Brexit trade deal talks and progress. While talks were moving in the right direction, further news during the evening saw the rates drop after a lack of progress after

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Brexit Hope Drives GBP to USD Rate to New 31 Month High

Through trading on Wednesday, the Pound benefitted from a boost as a result of investors acting on comments from the European Commission President where a Brexit trade deal could be likely. However, this was soon stopped in its tracks following a statement from a Downing

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Impressive Increase in Pound to US Dollar Rate

The Pound nudged higher again on Tuesday after media reports suggested that a Brexit trade deal was edging closer. However, these gains were limited after it became apparent that the latest jobless figures in the UK reached a new three-year-high in October. It’s likely that

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GBP to USD Rate Gathers Pace

The Pound really gathered some pace on Monday after news that Brexit trade negotiations had been extended, giving investors a much-needed boost. There was further support for the currency after the EU’s Chief Negotiator intimated that a path to an agreement was visible even though

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Pound Still Rides on Brexit Outcome

The ongoing Brexit talks on Friday weighed heavily on the Pound after it became likely that a deal was not going to happen. Despite progress being made, there is still a lot left to consider, and this placed pressure on the currency although, despite this,

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New Two Month Low for Pound to Euro Rate

The Pound dropped considerably on Thursday against many of its peers after the latest Brexit Deal meeting ended in failure, stoking fears that a no-deal Brexit is highly likely. Adding further pressure to the pound was the news that the latest GDP figures for October

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