{"id":108356,"date":"2021-02-11T08:17:55","date_gmt":"2021-02-11T08:17:55","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=108356"},"modified":"2021-02-11T08:17:55","modified_gmt":"2021-02-11T08:17:55","slug":"105378-gbp-inr-edges-up-on-thursday-almost-touches-101-00","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/105378-gbp-inr-edges-up-on-thursday-almost-touches-101-00\/","title":{"rendered":"GBP\/INR Edges Up on Thursday, Almost Touches 101.00"},"content":{"rendered":"

GBP\/INR<\/a> continues the uptrend as it finds no resistance. At the time of writing, the British pound<\/a> buys 100.756 Indian rupees<\/a>, up 0.10% as of 7:30 AM UTC. This is the sixth bullish session in a row, with the pair updating the highest level in about five years yesterday at 100.976. Previously, the price used to fluctuate inside a sideways channel that formed in mid-December, but it broke above the channel\u2019s resistance on Tuesday and updated the year-to-date peak.<\/p>\n

UK’s Vaccination Rates and Brexit Relief Supporting the Pound<\/h2>\n

The sterling is lifted by the optimism surrounding the UK\u2019s COVID vaccination program. The vaccination rates in the UK are higher than anywhere in the world. Meanwhile, the number of new COVID cases and deaths has declined considerably in the past few days, though the lockdown is maintained.<\/p>\n

The British currency is also supported by the Bank of England\u2019s hesitance to cut the interest rates to sub-zero levels.<\/p>\n

Last but not least, investors bet on the pound after the UK and the European Union finally agreed to secure a trade deal at the end of last year, which is a relief for both economies.<\/p>\n

However, businesses on both sides have to get used to new rules. Earlier today, a survey carried out by the British Chambers of Commerce (BCC) showed that almost half of UK firms that exports goods have encountered difficulties due to the Brexit changes in trade terms with the EU. About 49% of goods exporters reported problems, and about 20% in services exporters experiences difficulties.<\/p>\n

BCC director general Adam Marshall commented<\/a>:<\/p>\n

\u201cTrading businesses \u2013 and the UK’s chances at a strong economic recovery \u2013 are being hit hard by changes at the border. For some firms these concerns are existential, and go well beyond mere ‘teething problems’.\u201d<\/em><\/p>\n

He warned that the situation might become even worse if the UK continues with its plan to introduce checks on animal products and live animals from the EU in April and for full customs checks from July.<\/p>\n

Meanwhile, Britain\u2019s housing market boom is losing steam, as the government introduced another lockdown, while the tax break for buyers is getting closer to expiration. A private survey showed that UK house price growth slowed more than expected in January.<\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/INR continues the uptrend as it finds no resistance. At the time of writing, the British pound buys 100.756 Indian rupees, up 0.10% as of 7:30 AM UTC. This is the sixth bullish session in a row, with the pair updating the highest level in about five years yesterday at 100.976. Previously, the price used […]<\/p>\n","protected":false},"author":163946609,"featured_media":83913,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1693],"tags":[1386,1394,1861,1666],"class_list":{"0":"post-108356","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-inr","9":"tag-brexit","10":"tag-gbp","11":"tag-gbp-inr","12":"tag-inr"},"acf":[],"yoast_head":"\nGBP\/INR Edges Up on Thursday, Almost Touches 101.00 - 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\/105378-gbp-inr-edges-up-on-thursday-almost-touches-101-00\/\" \/>\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\\\/105378-gbp-inr-edges-up-on-thursday-almost-touches-101-00\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105378-gbp-inr-edges-up-on-thursday-almost-touches-101-00\\\/\"},\"author\":{\"name\":\"Anatol Antonovici\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c9c031720b5822c1d9bb63b59c6535ce\"},\"headline\":\"GBP\\\/INR Edges Up on Thursday, Almost Touches 101.00\",\"datePublished\":\"2021-02-11T08:17:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105378-gbp-inr-edges-up-on-thursday-almost-touches-101-00\\\/\"},\"wordCount\":380,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105378-gbp-inr-edges-up-on-thursday-almost-touches-101-00\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/exchange-rates-gbp-inr.jpg\",\"keywords\":[\"Brexit\",\"gbp\",\"gbp\\\/inr\",\"inr\"],\"articleSection\":[\"GBP\",\"INR\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105378-gbp-inr-edges-up-on-thursday-almost-touches-101-00\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/105378-gbp-inr-edges-up-on-thursday-almost-touches-101-00\\\/\",\"name\":\"GBP\\\/INR Edges Up on Thursday, Almost Touches 101.00 - 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