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GBP Rises on Renewed Hopes for Brexit Deal

M. Ali 10 November, 2020 7:28 pm Forex Market, Market Update

The British Pound (GBP) is rising on Tuesday, supported by optimism about the United Kingdom (UK) and the European Union (EU) reaching a trade agreement for the post-Brexit stage.

Significant progress has been achieved in trade talks, according to recent remarks by the British Minister of Finance, Rishi Sunak.

The GBP is up by 0.67% against the US Dollar (USD) with the GBP/USD pair trading at 1.3254.

The pair has been moving in a range between 1.3157 and 1.3278.

Against the Euro (EUR), the sterling is up by 0.63%, with the GBP/EUR pair trading higher for the day at 1.1215.

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