GBP/USD — News Archive

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Pound Rallies on UK Manufacturing PMI and Positive Sentiment

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.

GBP/USD Keeps Falling from 1.2514

The Great Britain pound versus the US dollar currency pair seems to be in bearish hands. Do the bulls still have any chances?

Sterling Soft on Brexit Fears, Government Spending Plans

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.

Pound Plunges to 4-Week Lows on Brexit Jitters, Rising COVID-19 Cases

The Sterling pound today fell to new 4-week lows against the US dollar given the empty UK docket and the prevailing risk-off market sentiment, which favoured the dollar. The greenback’s rally triggered the GBP/USD currency pair’s crash amid a confluence of negative factors that weighed on the pound, including fears of a no-deal Brexit.

Pound Falls on UK Lockdown Easing Jitters and Sour Sentiment

The Sterling pound today fell against the US dollar driven by risk-averse market sentiment amid concerns that the UK was easing lockdown measures too quickly. The GBP/USD currency pair headed lower as investors sold the pound and other risk assets while piling into safe-haven assets such as the greenback amid global uncertainties.

GBP/USD Hangs Under the 1.2514 Key Level

The Great Britain pound versus the US dollar currency pair slipped under the major 1.2514 level. Do the bulls still have any chances?

Pound Rallies on Positive Sentiment and Post-Brexit Trade Deal Hopes

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.

Pound Falls After BoE Fails to Deliver Adequate Stimulus Measures

The Sterling pound today spiked higher shortly after the Bank of England left its lending rate unchanged and increased its stimulus program by £100 billion as expected. However, the GBP/USD currency pair’s rally was short-lived as the pair quickly headed lower as investor risk appetite faded in the face of rising coronavirus infections globally.

Pound Falls on Brexit Uncertainty, Weak UK PPI, and Strong Dollar

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.

US Dollar Struggles for Direction on Jerome Powell Testimony, May Retail Sales

The US dollar is struggling for direction on Tuesday as the stock market rallies. Investors are weighing multiple events unfolding, including the Federal Reserve Chair’s semi-annual congressional testimony, strong May retail sales figures, and a spike in equities. It has been a roller coaster ride for the greenback in recent weeks as volatility and uncertainty have returned to global financial markets.

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