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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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US Economy Suffers Largest Contraction Since 2008

The pound suffered from a lack of sentiment on Wednesday and so, it was put on the defensive again as Brexit uncertainty caused further problems. Foreign Secretary Dominic Raab made it clear that the government had plans to extend the Brexit transition period, causing problems

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Euro Rate Slips Although Pound Does Make Some Gains

The Pound made some slight gains on Thursday after the currency reacted to the possibility that the peak of the Coronavirus had been reached. However, it wasn’t all good as any gains was restrained by the news that the private sector experienced a deeper slump

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Grim Economic Outlook Causes the Pound to Drop

Tuesday was not one of the best days for the Pound as the currency experienced a sharp fall. This came after the Bank of England chief economist Andy Haldane commented on how GDP is likely to shrink during the first quarter and that it is

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Struggles For the Euro While the Pound Steadies Itself

The Pound didn’t start the week off in particularly good form on Monday as the currency experienced broad losses. This came as reports filtered through that reducing the lockdown restriction is not a popular move with the UK government. The news came through that Boris

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Brexit Concerns Cause Pound to Weaken

On Thursday, the Pound was still under mounting pressure after the government confirmed the lockdown would remain in place for another three weeks. Along with this, the UK government also confirmed that they would refuse any form of an extension to the Brexit transition period.

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Growth Concerns Cause Sterling to Weaken

As the lockdown measures in the UK look to remain in place for the foreseeable future, Sterling reached one-week highs against the dollar and the euro on Tuesday. The pound ended the day at 1.1493 against the euro and 1.26 against the dollar according to

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EU Talks Fail to Progress as Pound Gains Ground

The Pound gathered momentum on Wednesday as the currency gained ground against the Euro as the Foreign Exchange rate came in at 1.14 while it ended at 1.24 against the Dollar. The Sterling has benefited from the news that PM Boris Johnson is improving and

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Three Week High for Sterling Against Euro

The Pound hit a three week high against the Euro on Thursday as it reached a high of 1.14 at the close. This rise in the Foreign Exchange rate was down to the single currency suffering due to the coronavirus. However, Sterling was also pushed

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