The British pound today fell against the much stronger US dollar as markets waited for a fiscal stimulus package to be announced by the US government. The GBP/USD currency pair was also weighed down by British politics as the government gave up its massive majority in a crunch vote on Huawei.
The pound today rallied briefly against the US dollar during the Asian session after the UK Parliament approved the government’s Brexit withdrawal Bill last night. The GBP/USD currency pair’s rally was short-lived as it later fell in the early London session as after the European Union announced a series of meetings to discuss Brexit.
The Sterling pound today inched higher against the US dollar boosted by the release of the upbeat UK Q3 GDP data in the early London session. The GBP/USD currency pair barely reacted to the appointment of a new Bank of England Governor, which was expected by most analysts and investors.
The Sterling pound today crashed against the US dollar amid fears that Boris Johnson‘s government was pushing for a hard Brexit despite his parliamentary majority. The GBP/USD currency pair today fell to its pre-election lows as investors sold the pair following the release of a mixed UK jobs report ahead of Friday’s Brexit bill tabling.
The pound today rallied briefly against the US dollar before falling to its daily lows as traders continued to take profits from the post-election rally. The GBP/USD currency pair was also affected by the weak PMI data released by Markit Economics in the London session and Brexit optimism.
The euro today fell against the US dollar erasing most of yesterday’s gains, which were driven by the Conservative Party‘s landslide win in the UK elections. The EUR/USD currency pair today traded sideways before plunging lower in the early American session as the greenback rallied higher boosted by positive trade headlines.
The British pound today held on to yesterday’s gains against the US dollar two days ahead of Thursday’s elections with opinion polls predicting a win by the Conservative Party. The GBP/USD currency pair today rose to 8-month highs as investor optimism about Britain’s future including Brexit remained high.
The Sterling pound today rallied to a new 7-month high against the US dollar before retreating as the London session progressed and the American session began. The GBP/USD kept its bullish bias as the Conservative Party maintained a comfortable lead against the opposition Labour Party ahead of Thursday’s snap general election.
The pound today rallied to new multi-week highs against the US dollar buoyed by positive sentiment as the latest opinion polls revealed that Boris Johnson is still leading Labour’s Jeremy Corbyn. The GBP/USD’s rally was further fueled by the positive UK construction PMI released by Markit Economics showing that the country’s construction industry was improving.
The Sterling pound today traded near yesterday’s lows as the media criticised Prime Minister Boris Johnson for skipping a crucial debate on the climate crisis. The GBP/USD currency pair fell as investors sold the pound following Johnson’s recent moves that could see his popularity decline ahead of the December elections.
