The British Pound (GBP) is declining against the US Dollar (USD) on Tuesday despite the later showing weakness across the board. This comes amid Brexit uncertainty and worries about the second wave of the Coronavirus (COVID-19) pandemic. The GBP/USD is trading lower for the day by 0.04% at 1.2943. The …
Read More »GBP/USD Rises Despite Brexit Uncertainty
The British Pound (GBP) rose on Monday, despite uncertainty surrounding trade talks between the United Kingdom (UK) and the European Union (EU), amid hopes for the two parties reaching an agreement before the end of the year. London does not plan to return to trade negotiations with the EU next …
Read More »GBP/USD Rises as Investors Adjust Positions
The British Pound (GBP) rose on Wednesday against the US Dollar (USD) and mostly across the board, as investors adjust their position at the end of September and the third quarter (Q3) of the year. The GBP/USD pair is up by 0.31%, trading at 1.2903, after rising earlier today by …
Read More »GBP/USD Shows Strong Performance Above 1.200
The British Pound (GBP) is surging in front of the US Dollar (USD) on Monday, opening the week with a strong performance amid a relevant decline by the USD. The GBP/USD is trading higher for the day by 0.88% at 1.2858 after opening today at 1.2745, a little below its …
Read More »GBP/USD Declines on BoE Dovish Tone
The British Pound (GBP) is trading lower against the US Dollar (USD) on Wednesday, with the USD rising on the back of strong manufacturing data with surging PMI and factory orders. Meanwhile, the GBP is impacted by recent remarks by policy makers in front of the House of Commons Treasury …
Read More »GBP/USD Rising Above 1.31
The British Pound (GBP) rose on Tuesday on the back of the US Dollar (USD) decline, despite a decline in the UK’s retail sales. The Sterling is up against the USD by 0.47% with the GBP/USD trading at 1.3124. Retailers in the UK have cut jobs at the highest rate …
Read More »GBP/USD Above 1.32
The British Pound (GBP) is rising against the US Dollar (USD), on the back of the latter’s decline. A surge in inflation in the UK and anticipation for a trade deal between London and the European Union (EU) are providing support for the GBP, while an increase in jobless claims …
Read More »GBP/USD Keep Gains Near Weeks High
The GBP/USD rose for the third straight session on Tuesday as the USD continued to sell on the optimism about Covid-19 vaccine and the European Recovery Fund agreement, which weakens the US dollar as a safe haven. GBP/USD jumped to more than 1.2700 levels, six-week highs, but then retreated somewhat. …
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