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Exchange Rates Today 15 12 2020: UK Pound And Euro Gains Rapidly Fade, Traders Buy The Dollar Dip

Exchange Rates Today 15 12 2020: UK Pound And Euro Gains Rapidly Fade, Traders Buy The Dollar Dip
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.

GBP AUD Exchange Rate Edges Higher As Brexit Talks Continue

GBP AUD Exchange Rate Edges Higher As Brexit Talks Continue GBP/AUD Exchange Rate Rises as Covid-19 Vaccine Rollout Boost UK Market Confidence The Pound to Australian Dollar (GBP/AUD) exchange rate rose by 0.1% today despite the UK unemployment rate rising by 4.9% in October. Redundancies also hit a record high. Tej Parikh, the chief economist at the Institute of Directors, commented: ‘While the roll-out of the vaccine has buoyed employers, it won’t automatically undo the damage done to their businesses by the pandemic. ‘Hiring plans for next year remain stuck in neutral with many firms needing to tend to damage balance sheets. To avoid a further uptick in unemployment at the end of Q1, the Treasury should consider measures to encourage job creation.’

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.

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