Sterling on track for third weekly profit in row

2020-11-20 08:58:16 GMT (Economies.com)
Sterling on track for third weekly profit in row

Sterling rose in European trade against dollar after a hiatus from gains yesterday on profit-taking, on track for the third weekly profit in a row on hopes for a UK-EU trade deal. 

 

GBP/USD rose 0.2% to 1.3288, after closing down 0.1% yesterday, the first loss in five days on profit-taking away from two-month highs at 1.3312.

 

The pound is up 0.7% this week on track for the third weekly profit after positive news on trade talks. 

 

The Sun reported that UK negotiators expect to reach a final trade deal with the EU by next week. 

 

The dollar is also hurting against a basket of currencies as haven demand declines amid improving sentiment due to coronavirus vaccine hopes. 

 
 
 
  Symbol Last Change Chg.%
1.1921
0.0027
0.2295%
1.3327
-0.0056
0.4169%
Tadawul
8693.47
65.41
0.76%
23.276
-0.769
3.200%
45.295
2.470
5.768%
48.07
0.24
0.50%
1808.540
-57.970
3.106%
 
 
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