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British Pound To Euro Rate Rallies As Sterling Best Performing Currency Today

British Pound To Euro Rate Rallies As Sterling Best Performing Currency Today Last week saw the British Pound to Euro (GBP/EUR) exchange rate tumbling as no-deal Brexit fears intensified, but this week hopes of a Brexit deal have risen once again. Shifting Brexit expectations are keeping the Pound highly volatile, but the Euro’s outlook remains fairly optimistic overall. This is because the Eurozone’s economic and coronavirus outlooks are relatively optimistic as well, keeping the Euro fairly appealing compared to rival currencies. Due to time running out on Brexit talks, GBP/EUR movement has been dominated by Brexit news lately. Last week saw GBP/EUR open the week at the level of 1.1088 before spending most of the week trending lower, and closing the week at the level of 1.0920.

Foreign Exchange Rates Today 14 12 2020: Pound And Euro Rebound On Brexit Talks Extension, Dollar Pressured As US Vaccines Rolled Out

Foreign Exchange Rates Today 14 12 2020: Pound And Euro Rebound On Brexit Talks Extension, Dollar Pressured As US Vaccines Rolled Out
exchangerates.org.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from exchangerates.org.uk Daily Mail and Mail on Sunday newspapers.

HSBC Exchange Rate Forecasts 2020-2021: US Dollar Losses, Euro Doubts, Fundamentals To Dent Pound Sterling

HSBC have upgraded their 2020-2021 exchange rate forecasts sharply over the past month and now predicts further significant US dollar losses over the next year on the back of low yields and a global recovery. The 2022 Euro-to Dollar outlook has been raised to 1.2600 from 1.1500 previously. Commodity currencies are set to make gains while the Pound Sterling will under-perform due to weak fundamentals with the Pound-to-Euro rate posting losses over the year. US Dollar depreciation has further to run HSBC notes that the US dollar weakened more than the bank expected in 2020 and is wary of forecasting a reversal as dollar weakening cycles are usually prolonged.

Technical Pound Sterling Analysis: GBP/USD Risks Leaving Upside Channel, GBP/EUR Eyes 1 0800

Technical Pound Sterling Analysis: GBP/USD Risks Leaving Upside Channel, GBP/EUR Eyes 1.0800 Posted by Konstantin Anissimov GBP/USD The key event of the 7th December week for GBP/USD was Brexit trade deal talks between British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen during dinner in Brussels on Wednesday, 9th December. The official statement of both sides remaining ‘far apart’ after the end of the dinner increased selling pressure behind cable on Thursday and Friday. GBP/USD opened the week of 7th December at 1.3409 and took a downswing of 193 pips between 6:00 and 10:00 UTC. Later in the day, high-level volatility continued, and the pair managed to recover much of the losses, closing Monday’s session at 1.3375. On Tuesday, 8th December, the pair continued slipping downwards and edged down to a local low of 1.3289 mid-day. The losses were largely retraced later in the day, with the p

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