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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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New One Week High for GBP/EUR Rate

The new Job Protection Scheme announced by Chancellor Rishi Sunak helped to push Pound exchange rates higher during trading on Thursday. The news was welcomed by investors and caused the GBP/EUR rate to a one week high of 1.0922 and nudged the GBP/USD rate up

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Brexit Hope Helps To Prop Up The Pound

The Pound retrieved some of its losses against the US Dollar on Wednesday after it became apparent that the Chief Brexit Negotiator announced that he was determined to put a Brexit deal in place. This saw the currency finish the day at 1.2724 against the

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Pound Struggles Against US Dollar and Euro

As Friday came to a close, the Pound found itself range-bound after news started to emerge that coronavirus cases were reaching a critical point. This meant that the government is considering additional restrictions that could hold the economy back which includes a “circuit breaker” lockdown

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GBP/USD Exchange Rate Continues to Grow

The Pound exchange rates continued to recover during Tuesday even with the ongoing Brexit concerns still looming over the currency. There was also bad news in the form of the latest job figures although these figures did not affect investors. All of this saw the

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Small Recovery For The Pound Despite Brexit Concerns

Through trading on Monday the Pound made a slight recovery following growth in support for opposing the internal market bill that Boris Johnson has put forward. However, Brexit is still going to become a sticking point for the currency moving forward. According to the Foreign

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EU Legal Action Causes GBP/EUR Rate to Plummet

During trading on Thursday, the Pound plummeted reaching a new six-month low against the Euro with the exchange rate dropping to 1.0836 while it also dropped to 1.2817 against the US Dollar. This followed news that the EU planned to take legal action against the

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New Six-Week Low For Pound To Euro Rate

A new six-week low was hit during trading on Wednesday as the Pound to Euro exchange rate dropped to 1.1016 as indicated by the Foreign Exchange market. This followed the publication of the internal market bill from the UK government which indicates that there will

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No-Brexit Deal Weighs Heavily On The Pound

The idea of a no-deal Brexit caused the Pound to plummet through trading on Monday. With news that the UK is looking to overlook sections of the EU withdrawal agreement, the currency suffered from significant pressure. This caused the Foreign Exchange rate to drop to

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Brexit Concerns Cause The Pound To Plummet

At the end of the week, the Pound slumped against the US dollar, finishing at 1.3253 according to the Foreign Exchange Market while it did not fare well against the Euro either, finishing at 1.1191. On Friday, the Bank of England also warned that unemployment

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US Dollar Continues Its Recovery

It was a defensive day for the Pound on Thursday as the services PMI came in lower than expected, while it also suffered at the hands of the underperforming job market in the UK. The figures for August indicated that there had been growth in

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BOE and Brexit Concerns Leave Pound Weak

The was a slight dip in the Pound to US Dollar rate on Wednesday, with the rate dropping to 1.3354 according to the Foreign Exchange Market. Concerns were made by the Bank of England which indicated that the coronavirus outbreak has caused significant problems for

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GBP/EUR Rate Reaches 11 Week High

The pound made some positive moves during trading on Tuesday as it reached an 11-week high against the Euro with a rate of 1.1235 according to the Foreign Exchange Market. Along with this, the currency also took off against the US Dollar reaching 1.3393. This

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New high For Pound to US Dollar Exchange Rate

Following comments from the Bank of England Governor Andrew Bailey that suggested that monetary tightening is still some way off, trading was somewhat mixed through the final session of the week last week. Despite this, there were some gains in the GBP/ USD rates as

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