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Pound Rallies on Upbeat Sentiment and Hawkish BoE Rate Decision

The Sterling pound today rallied higher against the US dollar driven by the dominant risk-off market sentiment, which triggered a sell-off in the greenback. The GBP/USD currency pair today rallied higher as investors reacted to the Bank of England‘s latest monetary policy decisions.

Pound Remains Under Pressure Despite Bank of England Rate Cut

The Sterling pound today had a muted reaction to an emergency rate cut by the Bank of England after the close of the London markets. The GBP/USD spiked higher briefly before heading lower as the greenback posted gains due to high demand.

Pound Crashes Against Strong US Dollar as Global Equities Crash

The Sterling pound today fell against the US dollar driven by the risk-off market sentiment that dominated global markets amid a major equities sell-off. The GBP/USD extended its losing streak for the third consecutive day and printed new 2020 lows as investors shrugged off the stimulus package announced by the Bank of England yesterday.

Sterling Extremely Volatile After BoE Emergency Interest Rate Cut, Disappointing GDP

The Great Britain pound was extremely volatile today. The main reason for the currency’s sharp moves was an emergency interest rate cut from the Bank of England. The sterling sank immediately after the announcement, recovered quickly afterward but backed off a bit after a release of a bunch of disappointing macroeconomic reports, including GDP print.

Pound Rallies Against Weak US Dollar on Bullish BoE Stance

The Sterling pound today rallied higher against the much weaker US dollar as traders bought the pound given the Bank of England‘s bullish stance on interest rates. The GBP/USD currency pair rallied for the fourth consecutive session as the bearish sentiment towards the greenback persisted as US Treasury yields continue to fall.

Pound Falls Then Rallies on Weak UK Services PMI and BoE Rumours

The Sterling pound today traded lower against the US dollar earlier in the session as investors stayed away from the pound amid Brexit uncertainty and risk-off market sentiment. However, the GBP/USD currency pair later recovered despite the release of weak UK PMI data by Markit Economics amid rumours that the Bank of England would cut rates soon.

Sterling Pound Spikes to 3-Day Highs on Hawkish BoE Rate Decision

The sterling pound today spiked to its daily highs following the announcement of the Bank of England‘s interest rate decision, which was as expected. The GBP/USD currency pair rallied from its daily lows as investors interpreted the BoE’s decision as being hawkish.

Pound Falls on BoE Rate Cut Fears, Despite Positive UK Flash PMIs

The Sterling pound today succumbed to pressure and fell from its daily highs despite the release of upbeat UK flash PMIs by Markit Economics in the early London session. The GBP/USD currency pair spiked higher briefly before falling as investors fear a rate cut by the Bank of England at their monetary policy meeting next week.

Sterling Remains Strongest After CBI Manufacturing Report

The Great Britain pound continued to be the strongest currency on the Forex market thanks to domestic macroeconomic data. Today, a manufacturing report from the Confederation of British Industry was the reason for the sterling’s amazing performance.

Great Britain Pound Strongest After Employment Report

The Great Britain pound was the strongest major currency on the Forex market today. The reason for the sterling’s stellar performance was the employment report, which showed record employment among Britons.

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