{"id":104987,"date":"2020-09-21T08:00:18","date_gmt":"2020-09-21T07:00:18","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=104987"},"modified":"2020-09-21T13:03:39","modified_gmt":"2020-09-21T12:03:39","slug":"104370-gbp-usd-pound-advances-even-amid-covid-woes","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/","title":{"rendered":"GBP\/USD: Pound Advances Even Amid Covid Woes"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) pushed northwards despite concerns over rising covid numbers<\/strong><\/li>\n<li><strong>Lockdown restrictions are tightening in parts of the country and London could be next<\/strong><\/li>\n<li><strong>US Dollar trades lower, Trump agrees in concept to Oracle\u2019s purchase of TikTok<\/strong><\/li>\n<li><strong>Eyes will look to US Congress for signs of additional fiscal stimulus<\/strong><\/li>\n<\/ul>\n<p>The Pound US Dollar (GBP\/USD) exchange rate is pushing higher on Monday, extending gains from the previous week. The pair settled on Friday up 1% across the week at US$1.2915, down around 100 points from the weekly high of US$1.3008. At 06:15 UTC, GBP\/USD trades +0.3% at US$1.2958.<\/p>\n<p>The Pound is pushing higher despite concerns over rising Covid-19 cases. Britain\u2019s top medical adviser, Chris Whitty is expected to warn that the UK is at a critical point in the covid battle and faces a difficult winter in a briefing today. Cases are rising in what Prime Minister Boris Johnson has called a second wave. Large areas of the country have seen restrictions tighten and London is expected to be next.<\/p>\n<p>Elsewhere, British manufacturers reported that V-shape recovery hopes were fanciful at best, reporting no evidence of such a recovery. Many are planning to slash business investment with BDO reporting investment intentions fell to -32% from -26%, almost the low seen in the financial crisis. The survey shows that despite the industry recovering from its April abyss, the return to normal trading will be a long haul.<\/p>\n<p>On a more upbeat front, Chancellor Rishi Sunak has announced the extension of for different business support loans to help UK business affected by the coronavirus crisis.<\/p>\n<p>After falling lower across the previous week, the US Dollar is trading on the back foot again at the start of the new week.<\/p>\n<p>US \u2013 China concerns linger but are not provoking a risk off mood into the US Dollar after President Trump said that he approved the Oracle Corp\u2019s bid for TikTok in concept. Trump\u2019s efforts to ban the downloading of Chinese owned WeChat on Sunday have been paused by a US judge.<\/p>\n<p>US Dollar investors will continue to watch for any signs of progress on a US rescue package. The Democrats and Republicans have failed to agree additional fiscal stimulus since the $600 additional unemployment benefit expired at the end of July.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">GBP Index Today - last 180 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/0da3eb5ba0a43939cb8e3a7a4cc6f527.png\" alt=\"\" width=\"800\" height=\"348\" class=\"aligncenter size-full wp-image-105020\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/0da3eb5ba0a43939cb8e3a7a4cc6f527.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/0da3eb5ba0a43939cb8e3a7a4cc6f527-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/0da3eb5ba0a43939cb8e3a7a4cc6f527-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/09\/0da3eb5ba0a43939cb8e3a7a4cc6f527-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) pushed northwards despite concerns over rising covid numbers Lockdown restrictions are tightening in parts of the country and London could be next US Dollar trades lower, Trump agrees in concept to Oracle\u2019s purchase of TikTok Eyes will look to US Congress for signs of additional fiscal stimulus The Pound US Dollar (GBP\/USD) exchange [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5507,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[2423,1394,1391,3075,1397,1398],"class_list":{"0":"post-104987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-covid","10":"tag-gbp","11":"tag-pound","12":"tag-tiktok","13":"tag-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 Advances Even Amid Covid Woes - 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\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/\" \/>\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\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD: Pound Advances Even Amid Covid Woes\",\"datePublished\":\"2020-09-21T07:00:18+00:00\",\"dateModified\":\"2020-09-21T12:03:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/\"},\"wordCount\":444,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100593-gbp-usd-pound-stabilises-vs-dollar.jpg\",\"keywords\":[\"covid\",\"gbp\",\"pound\",\"TikTok\",\"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\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/\",\"name\":\"GBP\\\/USD: Pound Advances Even Amid Covid Woes - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100593-gbp-usd-pound-stabilises-vs-dollar.jpg\",\"datePublished\":\"2020-09-21T07:00:18+00:00\",\"dateModified\":\"2020-09-21T12:03:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100593-gbp-usd-pound-stabilises-vs-dollar.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100593-gbp-usd-pound-stabilises-vs-dollar.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104370-gbp-usd-pound-advances-even-amid-covid-woes\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GBP\\\/USD: Pound Advances Even Amid Covid Woes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/fiona-cincotta-bb4a4845\\\/\"],\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/fiona-cincotta\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GBP\/USD: Pound Advances Even Amid Covid Woes - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/","twitter_misc":{"Written by":"Fiona Cincotta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/"},"author":{"name":"Fiona Cincotta","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"headline":"GBP\/USD: Pound Advances Even Amid Covid Woes","datePublished":"2020-09-21T07:00:18+00:00","dateModified":"2020-09-21T12:03:39+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/"},"wordCount":444,"image":{"@id":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100593-gbp-usd-pound-stabilises-vs-dollar.jpg","keywords":["covid","gbp","pound","TikTok","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\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/","url":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/","name":"GBP\/USD: Pound Advances Even Amid Covid Woes - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100593-gbp-usd-pound-stabilises-vs-dollar.jpg","datePublished":"2020-09-21T07:00:18+00:00","dateModified":"2020-09-21T12:03:39+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100593-gbp-usd-pound-stabilises-vs-dollar.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100593-gbp-usd-pound-stabilises-vs-dollar.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104370-gbp-usd-pound-advances-even-amid-covid-woes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"GBP\/USD: Pound Advances Even Amid Covid Woes"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/8ef0fafb6c93f1204150bb907b42cfec","name":"Fiona Cincotta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g","caption":"Fiona Cincotta"},"description":"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. She is regularly quoted by international news organisations including Financial Times, Reuters and Bloomberg. Fiona is a familiar face after years of appearances on BBC, Sky News and Fox Business News.","sameAs":["https:\/\/www.linkedin.com\/in\/fiona-cincotta-bb4a4845\/"],"url":"https:\/\/currencylive.com\/news\/author\/fiona-cincotta\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100593-gbp-usd-pound-stabilises-vs-dollar.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/104987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946597"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=104987"}],"version-history":[{"count":2,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/104987\/revisions"}],"predecessor-version":[{"id":105023,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/104987\/revisions\/105023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5507"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=104987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=104987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=104987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}