{"id":106602,"date":"2020-11-16T07:56:04","date_gmt":"2020-11-16T07:56:04","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=106602"},"modified":"2020-11-16T07:56:42","modified_gmt":"2020-11-16T07:56:42","slug":"104810-gbp-inr-maintains-bullish-tone-amid-cautious-brexit-optimism","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104810-gbp-inr-maintains-bullish-tone-amid-cautious-brexit-optimism\/","title":{"rendered":"GBP\/INR Maintains Bullish Tone Amid Cautious Brexit Optimism"},"content":{"rendered":"

GBP\/INR<\/a> has managed to consolidate well above 98.000 and is ascending in early trading on Monday. At the time of writing, one British pound<\/a> buys 98.495 Indian rupees<\/a>, up 0.16% as of 7:30 AM UTC. The price finds some resistance at 98.500.<\/p>\n

The sterling is supported by some cautious hopes that a post-Brexit trade deal between the UK and the European Union is still possible, as the extended negotiations enter the decisive week. Environment Secretary George Eustice told<\/a> BBC that the sticking points over an agreement between the two could be resolved and a deal \u201ccan be done.\u201d<\/p>\n

Elsewhere, Irish Foreign Minister Simon Coveney said negotiations have \u201cgot to make big progress\u201d in the current week, telling Sky that an agreement was \u201cdifficult but also very doable.\u201d The consequences of a no-deal would be severe, he added.<\/p>\n

The talks between Britain and the EU resume today in Brussels after days of talks in London. The UK’s chief negotiator, Lord David Frost, tweeted that there had been \u201csome progress in a positive direction in recent days.\u201d<\/p>\n

Still, according to Frost, significant aspects of the deal are yet to be discussed, stressing that \u201cwe may not succeed.\u201d<\/p>\n

If no deal is reached, trade between the two will automatically shift to World Trade Organization (WTO) rules, suggesting new tariffs to be introduced on imports and exports, which would reflect in the prices of goods.<\/p>\n

Meanwhile, asking prices for houses in Britain have dropped this month as properties are sold more actively ahead of the expiry of a tax break, according to Rightmove. Prices declined by 0.5% in November compared to October, when they surged by the most in four years. Analysts anticipated a further increase.<\/p>\n

RBI Can’t Provide More Support by Cutting Interest Rates<\/h2>\n

In India, the rupee is under pressure despite the fact that the country is experiencing a normalization of the pandemic. While the economy is recovering, the pace is slow, and the Reserve Bank of India cannot cut interest rates further because of fears of stagflation, as the inflation has exceeded the upper limit of the central bank\u2019s target for several months.<\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/INR has managed to consolidate well above 98.000 and is ascending in early trading on Monday. At the time of writing, one British pound buys 98.495 Indian rupees, up 0.16% as of 7:30 AM UTC. The price finds some resistance at 98.500. The sterling is supported by some cautious hopes that a post-Brexit trade deal […]<\/p>\n","protected":false},"author":163946609,"featured_media":83445,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1693],"tags":[1475,1394,1861,1747,1666],"class_list":{"0":"post-106602","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-indian-economy","13":"tag-inr"},"acf":[],"yoast_head":"\nGBP\/INR Maintains Bullish Tone 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\/104810-gbp-inr-maintains-bullish-tone-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\\\/104810-gbp-inr-maintains-bullish-tone-amid-cautious-brexit-optimism\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104810-gbp-inr-maintains-bullish-tone-amid-cautious-brexit-optimism\\\/\"},\"author\":{\"name\":\"Anatol Antonovici\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c9c031720b5822c1d9bb63b59c6535ce\"},\"headline\":\"GBP\\\/INR Maintains Bullish Tone Amid Cautious Brexit Optimism\",\"datePublished\":\"2020-11-16T07:56:04+00:00\",\"dateModified\":\"2020-11-16T07:56:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104810-gbp-inr-maintains-bullish-tone-amid-cautious-brexit-optimism\\\/\"},\"wordCount\":357,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104810-gbp-inr-maintains-bullish-tone-amid-cautious-brexit-optimism\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/inr-gbp-exchange-rates-convert.jpg\",\"keywords\":[\"Brexit talks\",\"gbp\",\"gbp\\\/inr\",\"indian economy\",\"inr\"],\"articleSection\":[\"GBP\",\"INR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104810-gbp-inr-maintains-bullish-tone-amid-cautious-brexit-optimism\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104810-gbp-inr-maintains-bullish-tone-amid-cautious-brexit-optimism\\\/\",\"name\":\"GBP\\\/INR Maintains Bullish Tone Amid Cautious Brexit Optimism - 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