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Thu 26 Nov 2020 03:17GMT

Pound Sterling News

Latest 10 news items tagged Pound Sterling

Markets More Bullish after Trump Administration Gives Green Light to Presidential Transition Published: 24 Nov at 5 PM 2020
Pound Sterling (GBP) The Pound was initially resilient today, as hopes for a UK-EU Brexit deal to be reached soon persist. However, market relief over US politics ultimately left the Pound sliding against currencies that benefit from US Dollar weakness. Sterling’s movement remains focused on Brexit developments and Britain’s coronavirus situation. Unless there are surprises in these issues, the Pound could remain relatively resilient instead for the time being. Euro (EUR) Today’s German growth and...
Pound (GBP) Falls as UK Faces Critical Week of Brexit Talks Published: 16 Nov at 5 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) suffered today as the UK enters a crucial week in which UK-EU trade talks are expected to intensify. Nevertheless, with Prime Minister Boris Johnson both in self-isolation and maintaining a hard-line position on Brexit, GBP investors are remaining cautious. Ireland’s Foreign Minister, Simon Coveney, was also pessimistic about a post-Brexit trade agreement between the two sides, saying: ‘I think the British government understand only too well what is required for a deal this...
Positive Covid-19 Vaccine News Boosts Australian and New Zealand Dollar Published: 9 Nov at 5 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) rose today on renewed hopes of a post-Brexit trade deal following the weekend’s tumultuous uncertainty over US political elections. Following Democrat Joe Biden’s substantial lead on US President Donald Trump, GBP investors are now more hopeful that this could place extra pressure on UK-EU trade talks, resulting in a trade agreement. Ireland’s Minister of Foreign Affairs, Simon Coveney, said: ‘I think this will be a cause for ’pause for thought’ in No 10 to ensure...
Global Markets Gripped by US 2020 Presidential Election Uncertainty Published: 5 Nov at 4 PM 2020
Pound Sterling (GBP) While market sentiment improved slightly today, the Pound’s rebound attempt has been limited. The Bank of England (BoE) announced fresh quantitative easing (QE) and notable downgrades to its UK forecasts, amid fears that the coronavirus pandemic will mean a rough Q4 for Britain’s economy. All of this week’s notable UK news has passed. As a result, the Pound’s focus will remain on developments in the 2020 US Presidential Election through the end of the week. Euro (EUR) The Euro has...
Pound (GBP) Soars as Brexit Hopes Return as EU Looks to Break Deadlock Published: 21 Oct at 5 PM 2020
<h3>Pound (GBP) </h3> Sterling soared against many of its peers after the European Union (EU) appeared to make a U-Turn on Brexit talks, with Michel Barnier, the EU’s Chief Negotiator, suggesting a way of unlocking the deadlock in Brexit talks. A spokesman for Downing Street said: ‘We note with interest that the EU's chief negotiator, speaking to the European Parliament this morning, has commented in a significant way on the issues behind the current difficulties in our talks.’ As a result, GBP investors are...
Pound (GBP) Rises on Hopes of Brexit Deal Published: 19 Oct at 4 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) rose against many of its peers today on growing hopes that a post-Brexit trade deal between the UK and the EU is altogether possible, despite Prime Minister Boris Johnson’s hints that he would prefer an Australia-style Brexit. The European Commission’s vice president Marco Sefcovic commented: ‘It has to be a fair agreement for both sides – we are not going to sign an agreement at any cost. The European Union is ready to work until the last minute for a good agreement for...
Pound (GBP) Rises Despite BoE Talk of Negative Interest Rates Published: 12 Oct at 5 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) edged higher today after Prime Minister Boris Johnson revealed a new three-tier system to curb the spread of Covid-19. Mr Johnson said: ‘We want to create the maximum possible local consensus behind this more severe local action, so in each area, we will work with local government leaders on the additional measures which should be taken. This could lead to further restrictions on the hospitality, leisure, entertainment or personal care sectors. But retail, schools and...
Markets Calm and Return to Riskier Assets as US President Trump Discharged from Hospital Published: 6 Oct at 4 PM 2020
Pound Sterling (GBP) The Pound saw yet another volatile session today. For much of the day it was pushed lower by concerns over pandemic-influenced job layoffs. In the afternoon however, Sterling was boosted by reports that the latest UK-EU Brexit negotiations had been productive, and that big progress had been made. No notable UK data will be published tomorrow. This will leave the Pound to be once again driven by rival currency strength and developments in Britain’s Brexit and coronavirus situations. Euro (EUR) Today’s...
Fears of Brexit No-Deal Outcome Hits Sterling but Negotiations Still Being Closely Watched Published: 1 Oct at 3 PM 2020
Pound Sterling (GBP) After hoping for much of the week that UK-EU Brexit negotiations could end with a breakthrough or extension this week, fears of a no-deal outcome surged today. Investors were volatile on the Pound on speculation that negotiators still remained far from agreement. Reaction to how the final round of negotiations unfolds is likely to dominate the Pound’s movement for the remainder of the week. Indeed, it could prove to be some of this week’s biggest news overall. Euro (EUR) A lack of major Eurozone...
Markets Readjust Positions in Anticipation of Tonight’s US Presidential Debate Published: 29 Sep at 4 PM 2020
Pound Sterling (GBP) The Pound was a little weaker today, and the currency struggled to hold yesterday’s advances. UK retailers continue to express concern about the impact of the coronavirus pandemic, while Pound investors await the final scheduled round of Brexit talks. UK-EU negotiations will last until Friday, when the final scheduled set of negotiations will end. If there are any signs of optimism or a potential breakthrough in talks, the Pound could see a surge in demand in the coming sessions. Euro (EUR) Today’s...

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