British Pound Outlook The Pound-to-Dollar exchange rate fell 0.78% on Tuesday to close the day at 1.2875 courtesy of the Dollar’s surge in the wake of the news. The Euro-to-Dollar exchange rate meanwhile fell 0.40% to close the day at 1.1733. But the GBP/USD and EUR/USD pairs are at 1.2918 and 1.1760 respectively on Wednesday, suggesting there has been no significant follow through overnight as Trump made clear in subsequent tweets that he was still open to some element of stimulus support. “If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?” said Trump. This appears to have pared some of the sharp market moves that followed the announcement that talks were off. A full break of EUR/USD back above 1.18 and of GBP/USD above 1.30, respectively, is still not an easy task, although this remains our central scenario.