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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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Pound to US Dollar Reaches Three Month High

The Pound recovered some of its losses on Thursday, reaching a three month high against the US Dollar following hopes that the UK and EU were getting closer to a Brexit trade deal. However, there are concerns that France could try to stall a deal

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Pound Loses Ground Against USD and Euro

Wednesday saw the Pound suffer some significant losses after the EU Chief Brexit negotiator Michel Barnier played down the news that talks were progressing. As he intimated that talks were still very much uncertain it meant that the currency lost the gains it had made

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Pound to US Dollar Breaks Through $1.34 Barrier

The Pound experienced very little in the way of movement on Tuesday after Brexit talks still remained uncertain. Despite this, as the European edged towards a close, the currency gathered some momentum after news emerged that talks had improved and had moved into the next

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Brexit Hope Pushes the Pound Upwards

The start of the week was filled with promise for the Pound after it made good gains following a sliver of Brexit optimism. Despite this, comments surrounding the missing pieces of trade talks cause investors to shy away from the Pound, taking the shine off

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Pound to Euro Rate Hits Two Week Low

As last week’s session came to a close, the Pound found itself on the defensive following concerns that a no-deal Brexit is still a possibility. According to the Foreign Exchange Market, the Pound to Euro dropped to its lowest point for two weeks with a

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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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