Strong Gains Last weeks surge in demand for the British Pound to Euro (GBP/EUR) exchange rate was due to market hopes that a no-deal Brexit was no longer on the cards. Thursday's session saw the Pound Sterling dip a fresh one-week low against both the Euro (EUR) and US Dollar (USD) as investor focus turned to the EU Economic Summit at which EU leaders are set to discuss the UK's request to delay Brexit beyond March. The major pair has put in an impressive recovery off the multi-month low in early January, helping to support the case for a longer-term developing uptrend off the 2016 low. Posted on 21 Mar at 12 PM Tags: Euro, British Pound, Pound Sterling, Euro Exchange Rate, Pound to Euro, Brexit, GBP EUR, GBP to EUR, ING Forecasts.
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At the start of the US session, the British pound declined sharply against the Euro.55 pence for one euro, but falls were also seen against the greenback,.2163 dollars. Pound Sterling Today - BoE Rates on Hold, EU Withdrawal Critical to Economic Outlook says Central Bank. The US dollar is currently under strong pressure against major currencies like the euro and a continuation of the upward trend cannot be achieved only through excellent job figures. US Dollar Retraces Losses on Upbeat Philly Fed Manufacturing Index. The Euro is gaining ground versus the US dollar during the morning sessions in Europe. GBP and Euro Steady As Fed Meeting Draws Close. Currency Expert Predictions for the Pound Sterling as Brexit Goes to the Wire.
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According to estimates, almost 2 trillion dollars worth of currency is traded each day. The exchange rate moved up.086 dollars, higher than the close.083 dollars on Friday evening. A transaction from one currency to another is called foreign exchange or forex. The gbpusd live rate is available 24 hours a day and can be viewed in our exchange rate tables, you can also use our live currency converter tool which allows you to convert currency at current live exchange rates. Forex Rate provides live information for currency trading.