{"id":101805,"date":"2020-07-09T03:00:41","date_gmt":"2020-07-09T07:00:41","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=101805"},"modified":"2020-07-09T07:10:38","modified_gmt":"2020-07-09T11:10:38","slug":"103580-gbp-usd-pound-extends-gains-for-5th-session-on-broad-dollar-weakness","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103580-gbp-usd-pound-extends-gains-for-5th-session-on-broad-dollar-weakness\/","title":{"rendered":"GBP\/USD: Pound Extends Gains For 5th Session On Broad Dollar Weakness"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) is supported by Chancellor Rishi Sunak\u2019s spending plans in the Summer Statement<\/strong><\/li>\n<li><strong>Brexit messages over Brexit keep investors guessing<\/strong><\/li>\n<li><strong>Safe have demand eases dragging on the <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a> (USD) amid increased hope of economic recovery<\/strong><\/li>\n<li><strong>US jobless claims in focus<\/strong><\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\">Pound US Dollar exchange rate<\/a> settled +0.5% at US$1.2611 on Wednesday. The pair is extending gains for a fifth straight session on Thursday.<\/p>\n<p>At 06:15 UTC, GBP\/USD trades +0.1% at US$1.2630, marginally off the three-week high of US$1.2637 reached earlier in the session.<\/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>British Chancellor Rishi Sunak\u2019s \u00a330 billion spending plan to help guide the UK economy out of its deepest recession for 3 centuries is supporting the Pound.<\/p>\n<p>Rishi Sunak aims to lift the coronavirus battered economy through measures such as tax cuts on house buying, targeted VAT cuts in leisure and hospitality business and through a retention bonus scheme for employers which re-hire employees, among other measures.<\/p>\n<p>Strong fiscal stimulus combined with the Bank of England\u2019s monetary stimulus should help limit the impact of the coronavirus crisis on the UK economy.<\/p>\n<p>Brexit headlines were mixed on reports of \u201cmulti-annual\u201d Brexit deals for some fishing rights, boosting optimism that a deal will be agreed. Even so, Germany\u2019s Angela Merkel warned EU countries that they must prepare for a no deal Brexit.<\/p>\n<p>The US Dollar is falling across the board as investors sell out of the safe haven in search of riskier assets amid an improved mood in the market. A lot of recent US data has been positive which is fuelling hopes of a speedy recovery in the US, despite coronavirus daily cases jumping by 60,000.<\/p>\n<p>Emergent BioSolutions is the latest company to move vaccine testing forward. Investors are also encouraged by President Trump\u2019s push to reopen schools in Autumn.<\/p>\n<p>Investors will now look ahead to the release of US jobless claims data. Analysts are expecting the increase in claims to continue to slow to 1.3 million, down from 1.4 million last week. Continuing claims, which show the rate of people being re hired is expected to be at 18.95 million from 19.29 million. This is now down 24% from its peak.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is supported by Chancellor Rishi Sunak\u2019s spending plans in the Summer Statement Brexit messages over Brexit keep investors guessing Safe have demand eases dragging on the US Dollar (USD) amid increased hope of economic recovery US jobless claims in focus The Pound US Dollar exchange rate settled +0.5% at US$1.2611 on Wednesday. The [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5970,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1386,1394,1536,1391,2955,1397,1398],"class_list":{"0":"post-101805","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-summer-statement","14":"tag-us-dollar","15":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD: Pound Extends Gains For 5th Session On Broad Dollar Weakness - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103580-gbp-usd-pound-extends-gains-for-5th-session-on-broad-dollar-weakness\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103580-gbp-usd-pound-extends-gains-for-5th-session-on-broad-dollar-weakness\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103580-gbp-usd-pound-extends-gains-for-5th-session-on-broad-dollar-weakness\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD: Pound Extends Gains For 5th Session On Broad Dollar Weakness\",\"datePublished\":\"2020-07-09T07:00:41+00:00\",\"dateModified\":\"2020-07-09T11:10:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103580-gbp-usd-pound-extends-gains-for-5th-session-on-broad-dollar-weakness\\\/\"},\"wordCount\":393,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103580-gbp-usd-pound-extends-gains-for-5th-session-on-broad-dollar-weakness\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2017\\\/08\\\/pounds-brexit.jpg\",\"keywords\":[\"Brexit\",\"gbp\",\"jobless claims\",\"pound\",\"Summer statement\",\"us dollar\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103580-gbp-usd-pound-extends-gains-for-5th-session-on-broad-dollar-weakness\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103580-gbp-usd-pound-extends-gains-for-5th-session-on-broad-dollar-weakness\\\/\",\"name\":\"GBP\\\/USD: Pound Extends Gains For 5th Session On Broad Dollar Weakness - 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