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Sterling Rallies Against Dollar on Brexit Optimism and UK GDP

The Sterling pound today rallied against the weak dollar ignoring the uncertainty surrounding the Brexit talks as investor sentiment remained decidedly bullish. The GBP/USD currency pair today extended its rally for the third consecutive day driven by the greenback’s overall weakness and positive UK macro reports.

Sterling Firms on Brexit Optimism, Monetary Policy Outlook

The Great Britain pound was the strongest among the major currencies on the Forex market today thanks to comments from a central bank official and hopes for a trade deal between the United Kingdom and the European Union. While the sterling has trimmed its gains by now, it is still trading above the opening level at the time of writing.

Pound Trades Sideways Against the Dollar, Later Edges Higher

The British pound today traded sideways against the dollar alternating between losses and gains before rallying higher to post gains amid hopes for further UK stimulus measures. The GBP/USD currency pair today rallied to its daily highs after the Chancellor of the Exchequer unveiled measures to directly support British workers.

US Dollar Ends Confusing Week Mixed

The past trading week was rather confusing, with many currencies moving in unexpected directions. For example, the Japanese yen and the Swiss franc are both considered to be safe currencies and thus usually move in the same direction. But this week, the Japanese yen ended trading as the strongest currency on the Forex market, while the Swiss franc was the weakest one. The US dollar was not an exception, moving unpredictably after the FOMC monetary […]

Sterling Tanks After BoE Talks About Negative Interest Rates

The Great Britain pound sank today, overtaking the New Zealand dollar as the weakest currency on the Forex market during Thursday’s trading. The sterling dropped after the monetary policy announcement from the Bank of England. While the central bank kept its policy unchanged, the wording of the statement led to the drop of the currency.

Analysts Remain Unconvinced by Sterling’s Rally

The Great Britain pound was the strongest currency on the Forex market today, rallying against other most-traded counterparts. But analysts were not convinced by the rally, arguing that it was a result of short-sellers taking profits, not supportive fundamentals. With not many fundamental factors supporting the currency and several high-profile events this week, specialists think that it is too risky to buy the sterling.

Great Britain Pound Firm Despite Falling Construction Index, Outlook for Monetary Easing

The Great Britain pound rose today despite the gloomy outlook and an unexpected drop in the construction index. While the sterling has lost its gains versus commodity currencies by now, it continued to trade above the opening level against other most-traded peers.

Sterling Pound Falls Against the Dollar on Dovish BoE Speeches

The Sterling pound today fell against the US dollar following dovish speeches from Bank of England policymakers regarding the British economy and monetary policy. The GBP/USD currency pair kept falling despite the release of weak US jobs data as markets interpreted the BoE’s willingness to take extra easing measures negatively.

USD/CHF Rises As SNB, Others Wind Down Dollar Liquidity Operations

The Swiss franc is rising to finish the trading week as the Swiss National Bank (SNB) announced that central banks are scaling back their US dollar liquidity operations. As foreign demand diminishes, central banks agreed that currency swap agreements were no longer necessary. Does this bode well for the greenback, or does it signal a decline ahead for the buck?

British Pound Rises As BoE Leaves Interest Rates, QE Unchanged

The British pound is rising against many of its currency rivals on Thursday after the central bank left interest rates and its aggressive asset-buying program unchanged. But while the decision to hold things steady was widely expected, many analysts are combing through the Bank of England (BoE) head’s remarks that subzero interest rates are in the institution’s “toolbox.”

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