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Pound Falls on Risk-Off Mood, Later Rallies on COVID-19 Vaccine Progress

The Sterling pound today fell against the dollar amid slow trading conditions occasioned by the lack of major releases from the UK and US dockets. The GBP/USD currency pair later recovered most of its losses as the pound rallied with US markets closed for Martin Luther King Jr.’s birthday.

Pound Rallies on Brexit Deal Vote, COVID-19 Vaccine and New Lockdown

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.

Pound Falls As Investors Unwind Long Positions on Post-Brexit Trade Deal

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.

British Pound Rises As UK, EU Reach Post-Brexit Trade Agreement

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.

Canadian Dollar Plunges Despite Upbeat Retail Sales, Rising Oil Prices

The Canadian dollar today continued to lose ground against its US neighbour driven by the risk-off market sentiment, which favoured the safe-haven greenback. The USD/CAD currency pair rallied higher reversing yesterday’s losses as investors flocked ignored rising oil prices, causing the commodity-linked loonie to fall.

Pound Falls on Brexit Uncertainty As Talks Reach Critical Phase

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.

Euro Rallies on Upbeat Euro Area PMIs, Falls on FOMC Decision

The euro today surged higher against the dollar buoyed by the upbeat euro area PMI reports released by Markit Economics in the early European session. The EUR/USD currency pair later gave up most of its gains ahead of the US Federal Reserve‘s interest rate decision as the dollar inched higher before the announcement.

British Pound Climbs to Two-Year High on Optimism Over Brexit Trade Deal, Data

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.

Euro Rises on COVID-19 Vaccine Hopes and Positive Risk Sentiment

The euro today inched higher against the dollar as investor risk appetite increased slightly on hopes that the US Congress will reach a stimulus deal soon. The EUR/USD currency pair’s rally was also boosted by news regarding the approval of Pfizer’s COVID-19 vaccine in the US and the fast-tracking of the same in Europe.

Pound Crashes Against Dollar As No-Deal Brexit Appears Imminent

The Sterling pound today plunged against the dollar after both EU and UK leaders said that the possibility of a no-deal Brexit was quite high at the moment. The GBP/USD currency pair fell on the reports given that many investors were hoping that the EU and UK would agree to a compromise deal.

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