The Sterling pound rallied against the dollar buoyed by the UK’s COVID-19 vaccination programme’s success that has seen infection and death rates decline. The GBP/USD currency pair’s rally was also fueled by the upbeat British manufacturing data released earlier today, showing the UK’s economic recovery.
The British pound fell against the much stronger dollar, extending yesterday’s losses amid disappointing UK inflation figures attributed to massive discounts and lockdown measures. The GBP/USD currency pair’s decline was also driven by negative investor sentiment as markets anticipate the disruption of Britain’s vaccination drive due to supply interruptions.
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.
The Great Britain pound was one of the weakest currencies on the Forex market during Wednesday’s trading despite the positive revision to Britain’s services PMI. Markets now focus on Thursday’s monetary policy announcement from the Bank of England.
The Great Britain pound was mixed on Monday, rising against some peers and falling versus others. The majority of macroeconomic reports released in Britain during the trading session beat expectations. Also supporting the sterling was the news that the European Union will not restrict vaccine exports to the United Kingdom.
The Sterling pound today fell against the dollar amid a deluge of disappointing UK macro reports that painted a discouraging picture of the country’s economy. The GBP/USD currency pair was also weighed down by the prospect of the UK coronavirus lockdown measures being extended for more months.
The Great Britain pound was mixed today after the United Kingdom has entered a new lockdown due to a surge of new coronavirus cases caused by the new strain of the COVID-19. The sterling fell against commodity currencies, gained on the US dollar, and was about flat versus other most-traded currencies.
The Great Britain pound was firm today, rising against most of its major rivals, despite a fresh bump on the road to a post-Brexit trade deal between the United Kingdom and the European Union.
The Sterling pound today rallied to 3-year highs against the US dollar boosted by investor optimism about a potential Brexit deal boosted by Simon Coveney’s comments. The weak dollar also fueled the GBP/USD currency pair’s rally following yesterday’s US ADP employment change report, which missed analysts expectations.
The Great Britain pound was mixed today, rising against some rivals but falling versus others, despite positive fundamentals. Hopes for the Brexit deal and a better-than-expected manufacturing report were providing support to the currency of the United Kingdom.
