According to CIBC analysts, the GBP/USD pair will trade at 1.39 in the third quarter and again at 1.39 in the first quarter of 2022. They argue that the market will be obliged to contemplate Bank of England intervention sooner than expected, bolstering the GBP/USD. Continue reading…
The GBP/USD pair bounced with the tone of the market, closing the day with minor losses at about 1.3880. During US trading hours, the pair recovered due to improved Wall Street performance, albeit comments from Sajid Javid also helped the Pound. The British Health Minister affirmed that the country is on pace to meet its immunization goal and that the country would proceed to the next step of the “normalization” road map. Meanwhile, over 30,000 new coronavirus cases are reported every day in the United Kingdom. Continue reading…
Football isn’t returning home; it’s heading to Rome – England’s hopes of winning the Euro 2020 football tournament were dashed following an arduous final in which Italy triumphed. Traders in the United Kingdom have awoken exhausted, but forex never sleeps, and sterling is moving – to the downside. Continue reading…/n
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