{"id":105389,"date":"2020-09-29T08:00:50","date_gmt":"2020-09-29T07:00:50","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105389"},"modified":"2020-09-29T11:50:00","modified_gmt":"2020-09-29T10:50:00","slug":"104487-gbp-usd-pound-rallies-on-brexit-boe-comments-eyes-to-trump-bidden-debate","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104487-gbp-usd-pound-rallies-on-brexit-boe-comments-eyes-to-trump-bidden-debate\/","title":{"rendered":"GBP\/USD: Pound Rallies On Brexit &#038; BoE Comments, Eyes To Trump \u2013 Biden Debate"},"content":{"rendered":"<ul>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/gbp-pound-sterling-live-exchange-rate\/\">Pound<\/a> (GBP) rallies on hopes that the legal test of the Brexit trade bill is will be written this week<\/strong><\/li>\n<li><strong>BoE\u2019s Ramsden distances the central bank from negative rate talk<\/strong><\/li>\n<li><strong><a href=\"https:\/\/currencylive.com\/exchange-rate\/eur-euro-live-exchange-rate\/\">US Dollar<\/a> (USD) eases back on broad upbeat mood<\/strong><\/li>\n<li><strong>US Trump \u2013 Bidden live debate in focus<\/strong><\/li>\n<\/ul>\n<p>The Pound US Dollar (<a href=\"https:\/\/currencylive.com\/exchange-rate\/usd-to-cad-exchange-rate-today\/\">GBP\/USD<\/a>) exchange rate is extending gains for a third straight session. The pair settled on Monday 0.5% higher at US$1.2827, after hitting a high of US$1.2927. At 06:15 UTC, GBP\/USD trades +0.3% at US$1.2860, close to the high of the day.<\/p>\n<p>The Pound is trading on the front foot, boosted by Brexit trade deal optimism. A report in the Times says that the EU have revealed that they are ready to begin working on the joint legal text for a post Brexit trade agreement.<\/p>\n<p>Both sides have made concessions ahead of the 9<sup>th<\/sup> round of trade talks which begin today and will run until Friday. This means that the two sides are on the final straight towards agreeing a deal before the UK government\u2019s self-imposed deadline of 15<sup>th<\/sup> October.<\/p>\n<p>The Pound is also being supported by Bank of England Deputy Governor David Ramsden after he pushed back on the idea of negative interest rates as a tool to support the economy.\u00a0 Investors will now turn to a speech by BoE Governor Andrew Bailey to see whether he follows a similar bias when he speaks today at the Chief Executives Club at Queen\u2019s. Another step away from negative rates combined with Brexit optimism could see that Pound look towards $1.30.<\/p>\n<p>The US Dollar is trading mildly lower on Tuesday, as it continues to drift away from a 2 month high versus a basket of currencies. Investors looking cautiously ahead to the Trump \u2013 Biden debate live debate.<\/p>\n<p>News of progress towards a US fiscal stimulus package was also weighing on demand for the US Dollar. \u00a0House Speaker Nancy Pelosi said that the Democrats were unveiling a $2.2 trillion coronavirus relief bill. Attention will remain on Congress to see whether the two sides, Democrats and Republicans can agree on the deal.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) rallies on hopes that the legal test of the Brexit trade bill is will be written this week BoE\u2019s Ramsden distances the central bank from negative rate talk US Dollar (USD) eases back on broad upbeat mood US Trump \u2013 Bidden live debate in focus The Pound US Dollar (GBP\/USD) exchange rate is [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":100137,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1439,1386,1394,1391,3296,1397,1398],"class_list":{"0":"post-105389","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-boe","10":"tag-brexit","11":"tag-gbp","12":"tag-pound","13":"tag-trump-bidden","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 Rallies On Brexit &amp; 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