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CCY - CCY Delayed price. Currency in GBP
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0.9133-0.0020 (-0.22%)
At close: 10:40PM BST
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Previous close0.915
Day's range0.913 - 0.913
52-week range0.8276 - 0.9494
  • Markets mixed as recovery fears offset US fiscal stimulus hopes
    Yahoo Finance UK

    Markets mixed as recovery fears offset US fiscal stimulus hopes

    Markets were mixed as hopes of US fiscal stimulus were outweighed by fears over European recovery.


    Dollar Edges Lower; Sterling Rebounds After Sharp Selloff

    News that AstraZeneca (NYSE:AZN) has resumed late-stage trials of its Covid-19 vaccine candidate, coupled with Pfizer (NYSE:PFE) CEO Albert Bourla saying its candidate has a “good chance” of submitting key data from late-stage trials by the end of October, has created a more positive attitude to risk, hitting the dollar. “Despite its profound fall in the past few days, we expect the pressure on GBP to continue building ... as until-recently complacent investors adjust to the new reality of a heightened no-deal Brexit risk and start/continue building GBP shorts,” ING added.


    Point/Counterpoint: The Case for the Pound

    By Geoffrey Smith and Peter Nurse

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