{"id":104548,"date":"2020-09-14T08:00:07","date_gmt":"2020-09-14T07:00:07","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104548"},"modified":"2020-09-14T07:39:36","modified_gmt":"2020-09-14T06:39:36","slug":"104269-gbp-usd-pound-rises-from-7-week-low-internal-markets-bill-debate-eyed","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104269-gbp-usd-pound-rises-from-7-week-low-internal-markets-bill-debate-eyed\/","title":{"rendered":"GBP\/USD: Pound Rises From 7 Week Low, Internal Markets Bill Debate Eyed"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) trades higher after biggest weekly loss since March<\/strong><\/li>\n<li><strong>Oxford University \/ AstraZeneca vaccine trials restart, boosting risk sentiment<\/strong><\/li>\n<li><strong>Safe haven US Dollar trades lower<\/strong><\/li>\n<li><strong>Federal Reserve monetary policy announcement in focus later this week<\/strong><\/li>\n<\/ul>\n<p>The Pound US Dollar (<a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-to-usd-exchange-rate-today\/\">GBP\/USD<\/a>) exchange rate is off its 7-week low, attempting to rebound on Monday. The pair shed 3.7% across the previous week in its worst weekly performance since early March.<\/p>\n<p>At 06:15 UTC, GBP\/USD trades +0.2% at 1.2820, towards the top end of the daily traded range.<\/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 continues to dominate for Pound investors after an eventful end to last week. The government\u2019s plans to undercut the Brexit Divorce Treaty prompted a tough response from the EU. If the British government doesn\u2019t scrap those plans, found in the Internal Markets Bill by the end of the month, trade talks will be cancelled and the EU could start legal action.<\/p>\n<p>Today the bombshell Internal Markets Bill will be debated in Parliament. There are questions surrounding whether the bill will make it through Parliament. However, if it does the Justice Secretary Robert Buckland has already said he will resign given that the bill breaks international law.<\/p>\n<p>Brexit talks last week ended with little progress, with more talks scheduled for this week.<\/p>\n<p>Elsewhere the mood in the market is buoyant, with the providing dome support to the Pound, after Oxford University said that their vaccine trial has restarted after a routine halt last week.<\/p>\n<p>The same vaccine news is dragging on the safe haven <a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-us-dollar-live-exchange-rate\/\">US Dollar<\/a>. The greenback is trading lower versus a basket of currencies as investors look for riskier assets as risk appetite notches up.<\/p>\n<p>This week sees some key data from the US with retail sales and the Federal Reserve monetary policy announcement in focus. The Fed is not expected to adjust monetary policy after announcing last month the shift in policy framework to a average inflation targeting (AIT). This means that the Fed is willing to accept periods of inflation rising above the 2% target, to make up from periods of time below the 2% target.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) trades higher after biggest weekly loss since March Oxford University \/ AstraZeneca vaccine trials restart, boosting risk sentiment Safe haven US Dollar trades lower Federal Reserve monetary policy announcement in focus later this week The Pound US Dollar (GBP\/USD) exchange rate is off its 7-week low, attempting to rebound on Monday. The pair [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5416,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1386,1453,1394,1888,3273,1398],"class_list":{"0":"post-104548","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-fomc","11":"tag-gbp","12":"tag-gbp-usd","13":"tag-pound-us-dollar","14":"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 Rises From 7 Week Low, Internal Markets Bill Debate Eyed - 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\/104269-gbp-usd-pound-rises-from-7-week-low-internal-markets-bill-debate-eyed\/\" \/>\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\\\/104269-gbp-usd-pound-rises-from-7-week-low-internal-markets-bill-debate-eyed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104269-gbp-usd-pound-rises-from-7-week-low-internal-markets-bill-debate-eyed\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD: Pound Rises From 7 Week Low, Internal Markets Bill Debate Eyed\",\"datePublished\":\"2020-09-14T07:00:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104269-gbp-usd-pound-rises-from-7-week-low-internal-markets-bill-debate-eyed\\\/\"},\"wordCount\":385,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104269-gbp-usd-pound-rises-from-7-week-low-internal-markets-bill-debate-eyed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100932-gbp-eur-brexit-summit.jpg\",\"keywords\":[\"Brexit\",\"FOMC\",\"gbp\",\"gbp\\\/usd\",\"Pound 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\\\/104269-gbp-usd-pound-rises-from-7-week-low-internal-markets-bill-debate-eyed\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104269-gbp-usd-pound-rises-from-7-week-low-internal-markets-bill-debate-eyed\\\/\",\"name\":\"GBP\\\/USD: Pound Rises From 7 Week Low, Internal Markets Bill Debate Eyed - 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