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The Great Britain pound sterling (usually called simply “pound” or “sterling”) is the currency used in the United Kingdom and in British territories. Banknotes were introduced following the creation of the Bank of England in 1694, but the history of the currency can be traced long before that, making the pound the oldest world currency that is still in use. The sterling was the most important currency in the world before the World War I. After the World War II had broken out, several countries (for the most part those that belonged to the British Empire) either introduced the pound as their own currency, or pegged their currencies to the sterling. These countries have become know as the sterling area. The importance of the UK currency and the sterling was diminished after the pound was allowed to float freely in 1972. Subsequently, the role of the major world medium of exchange passed to the US dollar. It is still the fourth most traded currency after the dollar, the euro and the yen. The pound is also used as a reserve currency.
The Great Britain pound was mixed today after the United Kingdom has entered a new lockdown due to a surge of new coronavirus cases caused by the new strain of the COVID-19. The sterling fell against commodity currencies, gained on the US dollar, and was about flat versus other most-traded currencies.
The Great Britain pound versus the US dollar currency pair seems to take a pause from the rise. Is this the chance for the bears?
The Sterling pound today rallied higher against the dollar boosted by the UK Parliament’s vote to implement the post-Brexit trade deal agreed with the EU. The GBP/USD currency pair’s gains were limited by the rising coronavirus cases driven by the virus’s more virulent strain and new lockdown measures.
The Great Britain pound versus the US dollar currency pair seems to have a hard time conserving the momentum. Is the ascending trend in danger of being overthrown by the bears?
Today, the Sterling pound fell against the dollar as investors turned bearish on the currency following the post-Brexit trade deal reached on Christmas Eve. The GBP/USD currency pair fell today amid thin trading conditions as the UK and European markets remained closed in honour of Boxing day celebrations.
The British pound sterling is rising on Christmas eve as it appears the United Kingdom and the European Union have reached a new post-Brexit trade agreement, averting chaos in the broader economy and financial markets. The deal comes as Great Britain was set to leave the 27-nation bloc’s economic structures at the end of the year.
The Great Britain pound versus the United States dollar currency pair seems to be indecisive. But didn’t it leave any clues behind?
The Sterling pound today fell against the dollar buffeted by Brexit headlines with both sides are working on getting a deal but preparing for a no-deal Brexit scenario. The GBP/USD currency pair completely ignored the release of the upbeat UK retail sales report as Brexit news remained the dominant factor fueling the pair’s price.
The Great Britain pound versus the Canadian dollar currency pair seems to be a little undecided. Is this the chance for the bears?
The British pound sterling advanced to its highest level against the US dollar in more than two years, driven by a weakening greenback and lower-than-expected inflation. The currency is also finding support on growing odds of a Brexit trade deal after officials stated that both sides are creating a path to establishing an agreement.
