In the second half of the day, the GBP/USD pair reversed its trend. On Tuesday, the US Dollar Index rose beyond 92.50. The USD is finding demand in a risk-averse market environment. The GBP/USD pair came under sustained bearish pressure in the second half of the day after moving upward above 1.3900 throughout the European session, and was last seen shedding 0.26 percent at 1.3809. Continue reading…
The GBP/USD pair reached a high of 1.3898, its highest level in almost a week, but fell below 1.3800 during US trading hours, owing to a bearish market attitude. The early rally was aided by positive UK data, with the June Markit Construction PMI coming in at 66.3, up from 64.2 the previous month and 63.8 predicted. On the negative side, the European Union has threatened to take legal action against the United Kingdom for breaching the Brexit agreement. Continue reading…
When, if not now, will it be? That was the gist of Prime Minister Boris Johnson’s message when he announced that July 19 would be “Freedom Day.” In what has been nicknamed the “Big Bang,” England will remove hundreds of COVID-19-related limitations and reopen its economy. Sterling has responded with a cheer. Continue reading…/n
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