Open Demo Account
Home / Market Update / Forex Market / GBP Rises with Negative Rates Seem Unlikely
Pound, Sterling

GBP Rises with Negative Rates Seem Unlikely

M. Ali 13 January, 2021 12:07 am Forex Market, Market Update

The British Pound (GBP) is showing a strong performance on Tuesday, supported by the decline of the U.S. Dollar (USD) and the possibility of negative rates being ruled out by the governor of the Bank of England, Andrew Bailey.

The GBP is up by a little over 1% against the U.S. Dollar (USD), with the GBP/USD pair trading at 1.3655.

The pair has been moving today in a range between 1.3505 and 1.3658, mostly in the positive territory, after closing Monday at 1.3519.

Against the Euro (EUR), the Sterling is up by 0.67% at 1.1199.

Tags

Check Also

Dow Ends Strong Year with Slight Dip as Investors Reflect on 2025

Stocks Pull Back Modestly Amid Year-End Adjustments: The Dow Jones Industrial Average softened on the …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends