The pound today rallied higher against the US dollar, driven by positive investor sentiment and the weakening of the greenback against most of its peers. The GBP/USD currency pair today rallied to new highs as investor risk appetite soared buoyed by the government’s new fiscal stimulus plan.
The British pound today rallied higher against the US dollar extending yesterday’s positive momentum boosted by Boris Johnson‘s promises of more spending to boost the UK economy. The weak dollar also raised the GBP/USD currency pair as investors reacted to news that a potential coronavirus vaccine had shown positive results in early clinical trials.
The Great Britain pound was extremely weak today, falling against all other most-traded currencies with the exception of safer ones, like the Japanese yen and Swiss franc (but not the US dollar, which outperformed the sterling). According to market analysts, the main reasons for the drop were Brexit fears and concerns about government spending plans.
The Sterling pound today rallied higher against the US dollar driven by positive investor sentiment about EU-UK relations post-Brexit due to recent events. The GBP/USD currency pair today was up as amid resurgent investor risk appetite, in which investors buy riskier currencies.
The Sterling pound today fell against the US dollar as investors bought the safe-haven greenback in anticipation of further stimulus spending by the government. The GBP/USD currency pair got a brief respite from the optimism about a potential Brexit deal, but this was not enough to push the cable into positive territory.
The Sterling pound today ignored the adverse reports coming out of the UK to rally to new 3-month highs against the US dollar boosted by the upbeat investor sentiment. The GBP/USD currency pair ignored the weak housing data and posted gains as investors bought riskier assets and sold safe-haven ones.
The British pound today rallied higher against the US dollar on hopes that the UK and the Europen Union would reach a post-Brexit deal according to recent news headlines. The GBP/USD currency pair rallied to new monthly highs as investors dumped the dollar due to the ongoing violent demonstrations and the risks associated with the same.
The Sterling pound today fell against the US dollar reversing most of yesterday’s gains as the British government reiterated its hardline stance on the December deadline. Investors sold the GBP/USD currency pair amid despair at the lack of progress, which increases the likelihood of the UK not signing a trade deal with its largest trading partner.
The British pound today rallied higher against the US dollar extending yesterday’s gains driven by positive investor sentiment and the mixed UK jobs data. The GBP/USD currency pair today posted gains after the release of the latest jobs data showing a better than expected unemployment rate.
The Great Britain pound rallied against the very weak commodity currencies but fell against majors today. The sterling was under pressure from extremely poor domestic macroeconomic data and Brexit worries but had some support from hopes for an end of the quarantine period.
