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Pound Grows Stronger Against the US Dollar And The Euro

The Pound strengthened against both the US Dollar and the Euro on Wednesday as the exchange rates reached 1.1168 and 1.322 respectively according to the Foreign Exchange Market. Any fresh Brexit concerns were alleviated by news that Downing Street had rejected reports that Prime Minister

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Brexit Deal Unlikely Forces Pound To Nosedive

As the week came to a close, the Pound dipped through trading on Friday as a result of Brexit concerts. It slipped against both the Euro and the US dollar, finishing the day at 1.1097 and 1.309 respectively. This all came as a result of

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A New GBP/USD Exchange Rate High Could Be Close

Through trading on Thursday, the Pound gathered momentum as the Pound to US Dollar exchange rate managed to gain back some of its losses. A lack of Brexit progress didn’t hold investors back as they were bullish in their actions towards the currency. As a

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Economic Uncertainties Drive Down GBP/USD Rate

The release of the latest consumer price index caused the Pound to go on the defensive during trading on Wednesday. Inflation moved to the highest figure for four months, reaching 1% although this is likely to be short-lived. This added pressure on the currency with

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US Dollar Suffers While Euro And Pound Reach New Highs

Through trading on Tuesday, the Pound to US Dollar exchange rate climbed to the highest figure in five months according to the Foreign Exchange market. There was fresh hope around Brexit negotiations and this had a positive impact on the currency. There was an indication

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Market Optimism Holds Back Us Dollar

Throughout Friday trading, the Pound benefited from hopes that the UK economy was taking another step towards recovery after more areas were opened on Saturday. The Pound / USD exchange rate moved higher although the GBP / Euro rate remained fairly subdued. As a result,

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Improved Market Sentiment Benefits The Euro

There were some improvements for the Pound during trading on Thursday as the currency took advantage of its weaker peers. The UK economy has been hit with bad news this week and so, moving higher during trading helped to ease the concerns slightly. There are

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UK Employment Puts Pressure On The Pound

The pound took advantage of its weaker peers during early trading on Monday and this helped to set it off on the right foot for the new week. However, what is causing problems for the currency is the fact that unemployment figures are worryingly high

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Bank of England News Gives Pound A Boost

There was a lack of direction for the Pound on Wednesday after the currency suffered from Brexit concerns and coronavirus worries. Much of the anticipation however, was around the rate decision that was to be announced by the Bank of England and the release of

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Pound Slows Down While US Dollar Rebounds

News that London could be placed into lockdown caused the Pound to go on the defensive during trading on Monday. As coronavirus cases grow, placing London into lockdown could have serious implications on the economy and that caused investors to reconsider their options. There was

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Pound Continues Its Rally While US Dollar Struggles On

Following some cautious mark optimism, the Pound continued to strengthen through trading on Wednesday. The latest housing figures from the Bank of England that indicated there was a sharp rise in mortgage approvals last month also helped to boost the currency.  However, as the week

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Euro Takes Advantage Of Weak US Dollar

There was nothing notable yesterday to bolster the Pound but it did manage to hold steady, taking advantage of the weak US Dollar. However, the currency is still under mounting pressure from a lack of certainty surrounding Brexit although reports seeped through during Monday afternoon

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Euro Reaches New 18-Month High

The news that the UK was ready to abandon Brexit trade negotiations left the pound on the defensive during trading on Wednesday. Talks had stalled and this meant that it was looking likely that ministers were planning on basing any decisions on the fact that

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Four-Month High for Pound US Dollar Exchange Rate

Tuesday saw the pound strengthen when it came to trading risks as the exchange rate for the Pound and US Dollar soared up to $1.2731, while it dropped slightly against the Euro to 1.104 according to the Foreign Exchange Market. The rising tensions between China

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Impressive Growth In Pound Exchange Rates

The Pound started Monday off well, increasing against many of its peers even after the Bank Of England announced again that the UK is experiencing a V-shaped recovery. There are still concerns about the relationship with China after the extradition treaty with Hong Kong was

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A Stable Day Of Trading For The EU

The UK is facing a significant employment crisis and there are concerns that the jobless figures are not a true reflection of the problem the UK is facing. Therefore, the pound struggled during trading on Thursday as the Foreign Exchange rates saw the currency finish

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Rise In Inflation Gets Pound Moving Again

The pound bounced back during trading on Wednesday finishing the day off at 1.1032 against the Euro and 1.259 against the US Dollar according to the Foreign Exchange market. The currency reacted to news that the consumer price index was better than expected. For the

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New Two Week Low for GBP/Euro Rate

The latest GDP figures disappointed investors and that saw the Pound drop sharply during trading on Tuesday. The expected growth in the UK economy was expected to reach 5.5% during May but the figures painted a bleak picture, coming in at 1.8%. Therefore, the currency

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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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