US dollar soars, pound comes under pressure
Concerns over the UK’s coronavirus outbreak limited the appeal of the pound yesterday, with GBP investors worried that cases are being significantly u
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Concerns over the UK’s coronavirus outbreak limited the appeal of the pound yesterday, with GBP investors worried that cases are being significantly u
The pound enjoyed a solid day of gains yesterday in spite of the gloomy nature of the Office for Budget Responsibility’s (OBR) latest economic simulat
The pound pushed to its highest levels in over a month on Tuesday, extending gains from before the Easter weekend.
The pound advanced against the euro and US dollar over the course of Wednesday and managed to retain its modest gains overnight.
Support for the pound weakened yesterday in the wake of a sharp decline in the GfK consumer confidence index.
A downward revision to the finalised UK services PMI for March left the pound on a weaker footing heading into the weekend.
The pound maintained its upward trajectory on Thursday, with the currency extending its rally into its sixth consecutive session.