The Sterling pound fell against the resurgent dollar on February’s last trading day as institutional money managers rebalanced their portfolios to close the month. The GBP/USD currency pair fell for the second consecutive day as the dollar surged higher amid concerns that too much stimulus could be bad for the British economy.
The Sterling pound rallied to new 34-month highs against the dollar boosted by the British government’s 4-step reopening plan, which could boost the UK’s economic recovery. The GBP/USD currency pair was also boosted by the drop in the UK unemployment numbers recorded in January. The number of jobless claims fell, indicating that the economy was doing good.
The Great Britain pound versus the United States dollar currency pair seems to be from the 1.3854 level. Will the bears be able to defend it from the ferocious bulls?
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 versus the Canadian dollar currency pair seems to be in bullish hands. Are the bears really out of the game — for the time being?
The Sterling pound fell against the dollar despite the release of upbeat UK inflation data as the greenback remained supported by the rising US Treasury yields. The GBP/USD currency pair fell from fresh 34-month highs hit yesterday as the dollar continued to benefit from the $1.9 trillion US stimulus package’s broad expectations.
The Great Britain pound versus the United States dollar currency pair seems to be in a phase in which the momentum thrives. Until where will it last?
The Great Britain pound rallied today, gaining against all other most-traded currencies. The main driver for the sterling’s gains was hope that Britain will exit the lockdown sooner rather than later. Domestic macroeconomic data was also helpful to the currency.
Today, the Sterling pound fell against the dollar despite the release of upbeat UK macro data as investor sentiment towards the pound remained bearish. The dollar’s recovery also fueled the GBP/USD currency pair’s decline as investors remained cautious about the UK-EU Northern Ireland border standoff.
The Sterling pound inched higher against the dollar fueled by the positive the fast rollout of the coronavirus vaccine in the country as compared to its peers. The GBP/USD currency pair’s rally was also fueled by investor optimism about Britain’s economic recovery since the government might ease restrictions earlier than expected.
