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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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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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