GBPUSD Exchange Rate Outlook
GBP USD Exchange Rate Tumbles as Brexit and Coronavirus Uncertainties Persist
Investors are cautiously anticipating more developments from UK-EU Brexit negotiations;
The safe haven US Dollar’s (USD) appeal remains limited as markets are more willing to take risks. Pound (GBP) Exchange Rates Knocked as Brexit Uncertainties Persist
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The coronavirus pandemic continues to sweep Britain as well, as London is put in Tier 3 restrictions.
US Dollar (USD) Exchange Rates Lack Drive amid US Stimulus Speculation
The US Dollar remains one of the less appealing major currencies this week.
Investors have been selling the safe haven US Dollar as market sentiment improves. Investors are more willing to take risks amid coronavirus vaccine hopes, and hopes for an economic rebound next year.
Forex Signals – Euro to US Dollar
On top of this, speculation is rising that US Congress may be getting closer to passing a big fiscal policy package to protect the economy from the pandemic.
‘It is probably no coincidence that McConnell shifted from reluctance to push through a bill to urging action on the same day that the Electoral College formalized President-elect Joe Biden’s victory.’
Forex Signals – Pound to US Dollar Exchange Struggle
Pound to US Dollar (GBP USD) Exchange Rate Could See Huge Shift on Brexit News
For Pound exchange rates, all eyes remain on UK-EU Brexit negotiations.
Pound US Dollar GBPUSD Exchange Rate Falls
According to Analysts at Deutsche Bank, a deal being reached could cause GBP/USD to shoot higher:
‘Our analysts think it could go even higher if there were a deal,
We continue to see a move to around 1.36 in Cable upon completion of a deal, up from the $1.3343 it’s currently trading at.’
Pound to US Dollar Exchange Rate
GBPUSD Exchange Rate Outlook
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GBPUSD Exchange Rate Outlook
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GBPUSD Exchange Rate Outlook
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