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Currency News

US Dollar Attempts Recovery While Pound Strengthens

Written by James Spurway on Monday, August 10, 2020. Currency News - Sterling / EUR

Pound News: Sterling Resilient Ahead of Employment and Growth Data The Pound’s movement was mixed for much of Monday’s session. The currency briefly attempted to gain on weakness in rival currencies but concerns over Britain’s coronavirus situation and job market limited gains. Pound investors are awaiting tomorrow’s UK job market report and unemployment rate data….(read more)

Pound Spikes on BoE’s Improved Forecasts, US Dollar Refreshes Lows on Stimulus Uncertainty

Written by James Spurway on Friday, August 7, 2020. Currency News - Sterling / EUR

The Pound briefly struck a new multi-month high this week after the Bank of England predicted the UK’s downturn in 2020 will be less severe than initially suspected. Meanwhile, the USD selling bias persisted through the week as US lawmakers failed to reach an agreement on the next round of coronavirus stimulus.   Pound Sterling…(read more)

‘Second Wave’ Fears Grip Markets amid Fresh Coronavirus Lockdown Speculation

Written by James Spurway on Wednesday, August 5, 2020. Currency News - Sterling / EUR

Pound News: Sterling Tumbles Ahead of Bank of England (BoE) Decision Investors have been selling the Pound back from its weekend highs this week. Concerns over UK coronavirus lockdown speculation, as well as anxiety ahead of tomorrow’s Bank of England (BoE) policy decision, are weighing on Sterling. The Bank of England (BoE) will hold its…(read more)

Global Coronavirus Fears Worsen, USD Claws Back Some Losses

Written by James Spurway on Monday, August 3, 2020. Currency News - Sterling / EUR

Pound News: Sterling Holding Ground on UK Coronavirus Hopes Last week saw the Pound surge across the board, as the currency capitalised on a plummeting US Dollar. Markets are reassessing their view of the UK government’s handling of the coronavirus pandemic to be a little more positive, which is also helping Sterling. No notable UK…(read more)

Euro Hits 20-Month High against the US Dollar as US-China Tensions Intensify

Written by James Spurway on Monday, July 27, 2020. Currency News - Sterling / EUR

Pound News: Sterling Floundering amid Lack of Drive The Pound was driven more by movement in rivals today, boosted by weakness in the US Dollar amid a lack of solid developments in the UK’s outlook. Last week’s Brexit jitters keep the Pound under pressure, while Sterling has retained most of its gains from Friday’s stronger-than-expected…(read more)

Weekly Update: Euro Storms to 18-Month High as EU Reaches Accord on Recovery Fund, Market Optimism Batters the US Dollar

Written by James Spurway on Friday, July 24, 2020. Currency News - Sterling / EUR

The Euro was the leading performer this week, with the single currency soaring higher as EU leaders reached an agreement on the EU’s coronavirus recovery fund. At the same time, optimism over the fund and hopes for a coronavirus vaccine sent the US Dollar tumbling.   Pound Sterling Undermined by Brexit Jitters GBP/EUR – Unchanged…(read more)

Pound Plummets as Reports Suggest UK Could Give Up on Brexit Talks

Written by James Spurway on Wednesday, July 22, 2020. Currency News - Sterling / EUR

Pound News: Fresh No-Deal Brexit Fears Hit UK Headlines The Pound was hit by a new round of no-deal Brexit fears today. Reports emerged that suggested Britain’s government could be close to ‘giving up’ on a UK-EU Brexit deal. Some analysts suggested it is just a negotiation tactic, but the Pound tumbled regardless. The Confederation…(read more)

Euro Strong as Optimism over EU Recovery Fund Remains High

Written by James Spurway on Monday, July 20, 2020. Sterling / EUR

Pound News: Sterling Attempts Rebound Following Week of Losses The Pound attempted a modest recovery today, following losses on dire UK economic data last week. However, amid Britain’s gloomy coronavirus and Brexit outlooks, Sterling’s recovery attempts may be limited. Britain’s latest borrowing data will be published tomorrow. Borrowing would have to show a notable optimistic…(read more)

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