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Great Britain Pound Attempts to Recover After Starting Session Weak

The Great Britain pound is currently attempting to recover after starting trading very weak. The sterling was soft due to the downgrade of economic forecasts and persisting concerns about probability of a “hard” Brexit.

Pound Rises amid Calm Trading, Housing Data Supports

The Great Britain pound rose today in absence of any significant news after the Brexit extension till October 31. Positive domestic macroeconomic data might have helped the currency a bit.

Sterling Opens Higher, Continues to Rise vs. US Dollar & Yen

The Great Britain pound opened sharply higher today. While it has backed off closer to the Friday’s close against some peers, the sterling continued to move higher versus such currencies as the US dollar and the Japanese yen.

Pound Gains on Monday Despite Falling House Prices

The Great Britain pound rose against its major rivals today. It was surprising, considering that Britain’s macroeconomic data was not good and the Brexit worries continued to weigh on the currency.

Pessimistic Economic Outlook Weighs on Pound

The Great Britain pound was soft today due to the pessimistic economic outlook for the United Kingdom. Decent macroeconomic data was unable to rescue the currency.

Pound Climbs on Reports About Brexit Transition Deal

The Great Britain pound jumped today against its most-traded peers on news that the United Kingdom and the European Union have reached a transition deal that would keep trade between the UK and the EU.

Pound Continues to Move Lower Ahead of Busy Week

The Great Britain pound continued to drop today, extending the Friday’s decline, as traders remained cautious ahead of the busy week.

Pound Slides as Theresa May Faces Fresh Challenges to Leadership

The Great Britain pound fell today, losing 100 pips against the US dollar intraday. The sterling’s performance against other majors was no better. The main reason for the drop was political turmoil in Britain.

Pound Stable as Markets Wait for Economic Data

The Great Britain pound was stable today amid Brexit uncertainties and anticipation of important economic releases this week. (Update: currently the sterling seems to start a gradual move down.)

Pound Starts Week Sharply Lower

Fears of the “hard” Brexit continue to drive the Great Britain pound, which opened sharply lower on Monday after the weekend article from The Sunday Times.

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