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No Deal Brexit Still Causing Problems For The Pound

As Friday drew to a close, the pound remained fairly motionless during trading according to the Foreign Exchange market. It finished the day at 1.117 against the Euro and 1.2623 against the US Dollar. The currency struggled due to concerns about Brexit negotiations and very

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Brexit Uncertainty Slows Down GBP Exchange Rate

The pound continued its momentum through most of the trading session on Thursday after the currency still reacted to the stimulus announcement from Rishi Sunak. Despite this, sentiment dropped during the afternoon after it became apparent that British businesses would face new challenges when selling

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A New Three-Week High For the GBP/USD Exchange Rate

Following the announcement from Rishi Sunak and the new stimulus measures designed to boost the UK economy, the Pound remained fairly stable, with minimal gains against the Euro and the US Dollar, rounding of Wednesday at 1.1127 and 1.261 respectively according to the foreign exchange

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Strong Day For The Pound As The Euro Suffers

As some of its peers weakened, the Pound took advantage on Tuesday and moved higher with the currency strengthening in readiness for the summer update from Rishi Sunak. This saw the currency round the day off at 1.1124 against the Euro and 1.2541 against the

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Improved Eurozone Figures Bolster The Euro

On Monday, the Pound experienced a mixed day of trading on the foreign exchange market as it struggled against the performance of its peers due to a lack of any notable direction. This still occurred off the back of some promising data relating to improvements

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US Dollar Improves Amid Coronavirus Fears

As Friday came to a close, the Pound was relatively quiet and subdued. The lack of a Brexit deal was holding the currency back and this also left investors concerned too. According to the foreign exchange market, the pound finished the week at 1.11 against

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Brexit Concerns Can’t Dent The Strength Of The Pound

Through the trading session on Thursday, market optimism ensured that the Pound remained relatively strong, despite the currency being risk-sensitive. Even the current Brexit talks couldn’t cause the Pound to experience losses, this resulted in the Pound’s foreign exchange rate finishing the day at 1.1094

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Confidence in Pound Weakens Amidst Brexit Talks

Following a drop in risk sentiment, as well as concerns over Brexit negotiations, the Pound took a dip on Friday according to the Foreign Exchange market. The currency finished the week at 1.0998 against the Euro and 1.2339 against the US Dollar, weakening from the

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Pound Stands Firm After Fresh Brexit Hopes

On the whole, the Pound saw some slight improvements on the foreign exchange market as it made some ground against the Euro and the US dollar. The currency ended the day at 1.107 and 1.2422 respectively, making improvements when compared to the previous days trading.

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US Dollar Picks Up Pace After Fears Of a Trade War

Wednesday saw the Pound move at a fairly subdued pace as concerns started to mount over the risk of a second wave of coronavirus infections. Therefore, the currency finished the day at 1.1034 against the Euro and 1.2414 against the US Dollar, with the foreign

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Economy Recovery Hope Boost The Pound

Hopes of the UK economy opening further helped the pound to gather pace through trading on Monday. The currency, according to the foreign exchange rate finished the day at 1.1079 against the Euro, improving on last weeks closing rate. It was much the same against

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Two Month Low for Pound and Euro

As Friday brought an end to the week, the Pound finished at 1.1046 against the Euro which was lower than the previous day. According to the foreign exchange market, the currency also struggled against the US Dollar too, finishing the week at 1.2349. The Pound

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Fresh Brexit Hope Keeps The Pound Steady

The Pound gathered some momentum during Monday as it finished the day at 1.1142 against the Euro and 1.2623 against the US dollar according to the Foreign Exchange market. This indicates that the Pound had made improvements against its performance at the end of last

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Record GDP Slump Leaves Pound on the Back Foot

It was a relatively quiet end to the week for the Pound following the news that the UK economy had shrunk by over 20% during April. As a result, the currency finished Friday at 1.1145 against the Euro and 1.2545 against the US Dollar according

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Record GDP Drop Sees The Pound Face Struggles

The Pound suffered throughout the session on Thursday as the currency reacted to a downturn in market sentiment. At the moment, the currency is extremely volatile as Brexit negotiations are still ongoing and the impact that coronavirus has had on the economy is still causing

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Pound Benefits From Improved Market Sentiment

Improved market sentiment helped the pound to bounce back on Wednesday. Despite news that the UK is going to be hit hardest out of all of the most developed countries according to the Organization for Development and Cooperation, the currency still performed well. It is

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Slow Brexit Talks Don’t Hold the Pound Back

After a relatively slow week for the Pound, it gathered some momentum on Friday, finishing the day strong against both the Euro and the US Dollar with foreign exchange rates of 1.1217 and 1.2666 respectively. While the currency was held back due to a lack

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Dollar and Euro Power On As Pound Weakens

During trading on Wednesday, the Pound lost some of the gains it had made and so it weakened against both the Euro and the US Dollar. Finishing the day at 1.1136 and 1.2263 respectively, the currency had lost momentum as indicated by the Foreign Exchange

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Trade War Fears Edges the Dollar Forward

There was not a lot of movement for the Pound through Thursday as the trading session was met with trepidation following comments from the Bank of England. The bank has said that it will not be reducing interest rates below zero but it might consider

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Euro Dives Following German Court Ruling

It was a real mixed bag for the Pound yesterday as the foreign exchange rate indicated that there are still fears of a no-deal Brexit as it became clear yesterday that any trade-related talks had to be put on hold for the time being. As

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