{"id":106448,"date":"2020-11-09T08:43:11","date_gmt":"2020-11-09T08:43:11","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106448"},"modified":"2020-11-09T08:43:11","modified_gmt":"2020-11-09T08:43:11","slug":"104755-gbp-inr-extends-gains-amid-cautious-brexit-optimism","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104755-gbp-inr-extends-gains-amid-cautious-brexit-optimism\/","title":{"rendered":"GBP\/INR Extends Gains Amid Cautious Brexit Optimism"},"content":{"rendered":"

GBP\/INR<\/a> is extending its bullish path for the third session in a row. At the time of writing, one British pound<\/a> buys 97.507 Indian rupees<\/a>, up 0.15% as of 8:00 AM UTC.<\/p>\n

The pound is supported by fragile hopes that a trade deal between the UK and the European Union is still possible, even if the extended talks haven\u2019t made any progress so far. Last week, Europe\u2019s chief negotiator Michel Barnier said that the gaps on sensitive issues remained.<\/p>\n

Still, earlier today, Britain said that it was ready for a sensible compromise on fisheries providing that there is goodwill on both sides. British Environment Secretary George Eustice said<\/a> in an interview with Sky:<\/p>\n

\u201cThere are still differences, there are still some obstacles to overcome. But I think there is now some goodwill on both sides to progress things.\u201d<\/em><\/p>\n

Yesterday, UK Prime Minister Boris Johnson said that a trade deal with the EU was \u201cthere to be done\u201d and that the key outlines were clear. He stated:<\/p>\n

\u201cI’ve always been a great enthusiast for a trade deal with our European friends and partners. I think it’s there to be done, the broad outlines are pretty clear. We just need to get on and do it if we can.\u201d<\/em><\/p>\n

Elsewhere, Barnier said he was happy to return to London on Sunday to continue negotiations.<\/p>\n

Rupee in the Shadow as Equities Surge<\/h2>\n

The rupee is also losing ground as investors focus on equities amid general bullishness triggered by US stocks on the back of Democrat candidate Joe Biden\u2019s victory in the US election. Biden has already obtained the 270 Electoral College votes he needed to win against incumbent President Donald Trump. Still, there will be a divided Congress as Democrats couldn\u2019t secure a comfortable majority. Stocks have rallied, with both US and Asian equities experiencing the best weekly performance in about five months. India\u2019s Nifty 50 has surged over 1.30%.<\/p>\n

The pound\u2019s short-term rally against the rupee might be capped by persistent worries about surging number of COVID cases, which prompted the UK government to reimpose a lockdown in England.<\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/INR is extending its bullish path for the third session in a row. At the time of writing, one British pound buys 97.507 Indian rupees, up 0.15% as of 8:00 AM UTC. The pound is supported by fragile hopes that a trade deal between the UK and the European Union is still possible, even if […]<\/p>\n","protected":false},"author":163946609,"featured_media":47015,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1693],"tags":[1475,1394,1861,1666,2400],"class_list":{"0":"post-106448","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-inr","9":"tag-brexit-talks","10":"tag-gbp","11":"tag-gbp-inr","12":"tag-inr","13":"tag-us-election"},"acf":[],"yoast_head":"\nGBP\/INR Extends Gains Amid Cautious Brexit Optimism - 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\/104755-gbp-inr-extends-gains-amid-cautious-brexit-optimism\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anatol Antonovici\" \/>\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\\\/104755-gbp-inr-extends-gains-amid-cautious-brexit-optimism\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104755-gbp-inr-extends-gains-amid-cautious-brexit-optimism\\\/\"},\"author\":{\"name\":\"Anatol Antonovici\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c9c031720b5822c1d9bb63b59c6535ce\"},\"headline\":\"GBP\\\/INR Extends Gains Amid Cautious Brexit Optimism\",\"datePublished\":\"2020-11-09T08:43:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104755-gbp-inr-extends-gains-amid-cautious-brexit-optimism\\\/\"},\"wordCount\":356,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104755-gbp-inr-extends-gains-amid-cautious-brexit-optimism\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-inr.jpg\",\"keywords\":[\"Brexit talks\",\"gbp\",\"gbp\\\/inr\",\"inr\",\"US election\"],\"articleSection\":[\"GBP\",\"INR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104755-gbp-inr-extends-gains-amid-cautious-brexit-optimism\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104755-gbp-inr-extends-gains-amid-cautious-brexit-optimism\\\/\",\"name\":\"GBP\\\/INR Extends Gains Amid Cautious Brexit Optimism - 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