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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.

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