The GBP to USD spot rate is +0.56% higher @ $1.35729 on 30.12.2020
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Pound Sterling (GBP) Exchange Rates
The Pound to Dollar exchange rate (GBP/USD) chopped higher and lower on Tuesday as risk sentiment turned sour.
Bulls held their ground, however, as a 0.2% bump early on Wednesday morning has Cable at 1.3530.
Brexit fears are fading and it appears there is some more risk-premium to be priced out of Sterling. Exactly how much isn’t clear, but a vulnerable Dollar allows these gains to be squeezed out. A massive jump of more than 50,000 coronavirus cases has the U.K. looking like one of the most vulnerable economies in Europe to COVID-19, and it doesn’t help that it is being labeled as the origin of the “mutant coronavirus either.
The EUR/USD spot rate at the time of writing: 1.22162 (01/01.2021)
Full timeline of key events that impacted the Euro to Dollar exchange rate over the course of 2020
Huge US Federal Reserve stimulus reversed March stampede into the dollar, Euro-to-Dollar rate posts 31-month highs
The coronavirus pandemic was the ultimate black-swan event during 2020 and caused major upheaval in the global economy with record GDP declines across major economies.
Market panic in March came close to collapsing the global financial system and the US dollar saw strong gains amid a stampede into cash.
The unprecedented Federal Reserve easing gradually stabilised the situation and the dollar posted net losses as low yields undermined the US currency.
British Pound Inches Higher Against Euro, Dollar Ahead Of HoC Brexit Deal Vote And Increased Coronavirus Restrictions 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.
Euro To US Dollar (EUR/USD) Exchange Rate Higher Ahead Of Widened US Advance Goods Trade Deficit
EUR/USD Exchange Rate Rises into 2020 Year-End Trade
The Euro to US Dollar (EUR/USD) exchange rate pushed higher in the penultimate trading session of 2020 as market risk appetite remained elevated.
With safe-haven demand generally limited the strength of the US Dollar largely faded, benefitting the Euro in spite of its own lack of risk-appetite appeal.
Hopes of further progress towards the rollout of additional Covid-19 vaccines left USD exchange rates on the back foot as investors piled into higher-yielding assets.
As forecasts point towards a widening of November’s US advance goods trade deficit there appeared little incentive to favour the US Dollar over its rivals at this stage.
2021 Forecast: Most Foreign Exchange Analysts Expect EUR/USD To Continue Higher In 2021, Could They Be Wrong? 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.