{"id":101445,"date":"2020-06-25T03:00:54","date_gmt":"2020-06-25T07:00:54","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101445"},"modified":"2020-06-25T04:35:53","modified_gmt":"2020-06-25T08:35:53","slug":"103480-gbp-usd-brexit-optimism-offset-by-dollar-strength","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103480-gbp-usd-brexit-optimism-offset-by-dollar-strength\/","title":{"rendered":"GBP\/USD: Brexit Optimism Offset By Dollar Strength"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) buoyed by hopes that a Brexit deal can still be achieved<\/strong><\/li>\n<li><strong>Concerns linger over reopening the UK economy too quickly<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) support by risk off tone on rising covid numbers and US\/EU trade spat<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\">Pound US Dollar exchange rate<\/a> (GBP\/USD) holds above US$1.24<\/strong><\/li>\n<\/ul>\n<p>The Pound remains under pressure after tumbling lower in the previous session. The Pound US Dollar exchange rate settled on Wednesday -0.75% at US$1.2420 in a strong risk off session, as fears over increasing covid-19 cases and the outbreak\u2019s impact on the global economy dragged on risk sentiment.<\/p>\n<p>At 06:15 UTC, GBP\/USD trades +0.05% at US$1.2416 as US Dollar strength offsets Brexit optimism.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time GBP to USD exchange rate<\/span><\/a><\/div>\n<p>Brexit is offering a rare show of support for the Pound after EU Chief negotiator Michel Barnier said the ball was in the UK\u2019s court. He said the UK needed to provide a clear signal that it wanted to a make a deal. However, Michel Barnier also added that there is still times to agree a deal by the end of the deal. This is keeping the Pound buoyed as fears had been growing that there was insufficient time to get a deal done, particularly given the covid-19 delay,<\/p>\n<p>The Pound fell in the previous session on warnings from scientists that the UK was easing lockdown restrictions too quickly, making a second wave of coronavirus almost inevitable. Boris Johnson\u2019s decision to reduce the two-meter rule, down to one has been drawing criticism.<\/p>\n<p>Looking ahead investors will focus on Confederation British Industry retail and wholesale data, which is only expected to show a frustratingly slow improvement to -34 in June, up from -50.<\/p>\n<p>The US Dollar is in favour as risk off continues to dominate amid a growing number of coronavirus cases and as the US threatens to levy tariffs on $3.1 billion worth of EU\/UK goods.<\/p>\n<p>Investors will look ahead to the release of a barge of US data including jobless claims, GDP and durable goods orders.<\/p>\n<p>Analysts are expecting initial jobless claims to increase by 1.3 million, only very slightly lower than last week\u2019s 1.5 million. More than three months into the covid-19 crisis and millions of Americans are still unemployed. This will mark the 11<sup>th<\/sup> straight week of deceleration. Whilst 45 million Americans have filed for unemployment benefits over the past 13 weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) buoyed by hopes that a Brexit deal can still be achieved Concerns linger over reopening the UK economy too quickly US Dollar (USD) support by risk off tone on rising covid numbers and US\/EU trade spat Pound US Dollar exchange rate (GBP\/USD) holds above US$1.24 The Pound remains under pressure after tumbling lower [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5527,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1386,1394,1536,1391,1397,1398],"class_list":{"0":"post-101445","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-brexit","10":"tag-gbp","11":"tag-jobless-claims","12":"tag-pound","13":"tag-us-dollar","14":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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