Gertjan Vlieghe — News Archive

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Pound Rallies Despite Weak UK Retail Sales as COVID-19 Infection Rate Falls

The Sterling pound rallied to new highs despite the disappointing UK retail sales data released earlier today that almost derailed its rise, but the bulls prevailed. The GBP/USD currency pair rallied to new 34-month highs driven by the declining UK coronavirus infection rates and optimism about the country’s reopening.

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.

Sterling Pound Falls Against the Dollar on Dovish BoE Speeches

The Sterling pound today fell against the US dollar following dovish speeches from Bank of England policymakers regarding the British economy and monetary policy. The GBP/USD currency pair kept falling despite the release of weak US jobs data as markets interpreted the BoE’s willingness to take extra easing measures negatively.

GBP/USD Rallies Then Declines on Testimonies by BoE Members

The GBP/USD currency pair today retreated from its overnight rally after encountering resistance just before the crucial 1.3500 psychological level. The currency pair was on an uptrend from the early European session before reversing in the mid-European session following testimonies by Bank of England policymakers before the UK Parliament’s Treasury Select Committee.

GBP/USD Rallies to New Highs on BoE’s Vlieghe Hawkish Comments

The GBP/USD currency pair today rallied to new highs following hawkish comments by the Bank of England‘s MPC member Gertjan Vlieghe. The policy-maker’s comments were taken from his early morning speech on ‘real interest rates and risks‘ and published by Reuters.

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