The pound fell again on Monday (March 15th) amid an increase in US Treasury yields and with the European Union launching legal action against Britain’s unilateral changes to trade arrangements with Northern Ireland.<\/p>\n\n\n\n
The 27-nation bloc said the changes violated the Brexit deal signed last year.<\/p>\n\n\n\n
The pound fell 0.22% against the US dollar, and the pressure on the pound increased due to the US Treasury bond sales, which pushed the yield on the benchmark bonds to rise above 1.6% since last Friday, which supports the US dollar.<\/p>\n\n\n\n
The British currency fell more than 1% in last Friday’s session.<\/p>\n\n\n\n
Against the European currency, the sterling hit its lowest level in a week at 86 pence per euro before recovering slightly to 85.85 pence.<\/p>\n\n\n\n
But analysts said that, amid hopes for a relatively quick economic recovery, following a fast-paced program of vaccination against the Coronavirus, and with the decline in HIV infections in Britain, the outlook for the sterling remains positive.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound fell again on Monday (March 15th) amid an increase in US Treasury yields and with the European Union launching legal action against Britain’s unilateral changes to trade arrangements with Northern Ireland. The 27-nation bloc said the changes violated the Brexit deal signed last year. The pound fell 0.22% against the US dollar, and …<\/p>\n","protected":false},"author":9,"featured_media":31991,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[7046,6835],"class_list":["post-42971","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates","tag-sterling","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=42971"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42971\/revisions"}],"predecessor-version":[{"id":42972,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42971\/revisions\/42972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31991"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=42971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=42971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=42971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}