Is football on its way back to the United States? Even though Raheem Sterling did not score, England delighted fans and pundits with its 4:0 triumph over the weekend. Other factors have contributed to the pound sterling’s increase.
1) Rekindling hope: Over 24,000 instances of COVID-19 were reported in the United Kingdom, the majority of which were the highly contagious Delta type. However, because hospitalizations have only slightly increased and mortality have remained low, Prime Minister Boris Johnson plans to keep the July 19 reopening date. Continue reading…
The US statisticians released monthly employment data on Friday at 12:30 GMT, causing the US Dollar to fall. The initial drop was followed by a continuation of the US Dollar’s depreciation. It resulted in a move upwards on the GBP/USD charts.
The rate had reached the 1.3860 level of resistance by the middle of Monday’s trading hours, which was predicted to be strengthened by the 200-hour simple moving average. Continue reading…
During the early European session, the GBP/USD pair rose to three-day highs, moving closer to the mid-1.3800s in the previous hour.
On Monday, the pair gained positive traction for the second session in a row, and is now attempting to build on the previous session’s post-NFP rally from its lowest level since April 15. The increase was fueled by a variety of factors, including a weaker US currency and confidence about the UK government’s promise to ease COVID-19 limitations in the final step. Continue reading…/n
