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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.

Euro Rallies as Coronavirus Fears in the US Push the Dollar Lower

The euro today rallied higher against the US dollar as authorities in California declared a state of emergency amid rising coronavirus cases. The EUR/USD currency pair benefitted from the risk-off investor sentiment and the greenback’s losses despite a mostly empty European docket.

Euro Whipsaws on Conflicting German Headlines and Coronavirus

The euro today traded haphazardly against the US dollar oscillating between gains and losses as investors reacted to conflicting news reports about Germany’s fiscal policies. The EUR/USD currency pair rallied briefly then fell and later inched higher as the single currency failed to post sustained gains against the weak greenback.

Pound Rallies on US Dollar Weakness and Coronavirus Headlines

The Sterling pound today rallied against the US dollar in a turn of events that saw the dollar lose ground against most of its peers. The GBP/USD rallied above the crucial 1.30 level as demand for the greenback weakened despite new coronavirus infections.

Pound Falls on Johnson’s Brexit Comments Amid Low Liquidity

The Sterling pound today fell against the US dollar as the UK and the European Union continue to play hardball with each other ahead of the official Brexit negotiations. The GBP/USD fell for most of today’s session amid low-liquidity conditions, given that the US markets remained closed even as the country celebrates President’s Day.

Pound Rallies to 1-Week Highs as PM Johnson Reshuffles His Cabinet

The Sterling pound today rallied to 1-week highs as the British Prime Minister Boris Johnson announced a major cabinet reshuffle that saw several ministers replaced. The GBP/USD currency pair started rallying hours before the official announcement as some ministers such as Sajid Javid resigned ahead of the reshuffle.

Pound Rallies Despite Brexit Headlines, Falls on Powell’s Testimony

The Sterling pound today rallied higher against the US dollar extending a 3-day winning streak by riding on yesterday’s momentum created by the positive UK GDP figures. The GBP/USD currency pair later fell during the American session as the Fed Chair Jerome Powell testified before the Senate housing committee where he reiterated his hawkish stance.

Pound Falls to New 2020 Lows as the Dollar Hits Multi-Month Highs

The Sterling pound today edged lower against the US dollar for the second consecutive session as investors remained worried about a hard Brexit. The GBP/USD currency pair fell amid a lack of significant releases from the UK docket and was fueled by the much stronger greenback.

Pound Crashes Against US Dollar on Upbeat US PMI Data

The Sterling pound today attempted to rally against the US dollar, but the rally was shortlived as the greenback reversed course and drove the pound lower. The GBP/USD currency pair today rallied to its daily highs before heading lower as investor appetite for the pound waned amid a rejuvenated dollar.

Great Britain Pound Recovers After Falling on Brexit Fears

The Great Britain pound recovered a bit today following yesterday’s slump caused by returning Brexit fears. The rebound was nowhere near enough to eliminate the Monday’s losses, though. Macroeconomic data showed a small improvement in Britain’s economy.

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