The cable breaks the 13-day-old trading range as broad US dollar weakness supersede uncertainty over Brexit and the coronavirus (COVID-19) vaccine news from the UK. US dollar index (DXY) fell for the third day as the market’s risk-on mood joins reflation fears and directs the traders to the bonds from the greenback. To check the [...]
GBP/USD pair trades to the downside due to the recent weakness that is caused from the broad risk-off mood and economic fears, retail traders’ restrictions and China’s warning to Taiwan. Also, weighing on the quote could be the EU-UK tussle over the vaccine, Brexit issues and virus worries. Global traders worry about further restrictions on [...]
Sterling is under pressure amidst fears of new coronavirus strain in the UK and lockdown restrictions. Prime Minister Boris Johnson warned on Friday that the new UK COVID-19 variant might be associated with a higher level of mortality. Also, the British government has extended lockdown laws to give councils the power to close pubs, restaurants, [...]
Pound moves higher on Tuesday as a recovery continues. Worries that are related to the UK’s ability to convince the European Union (EU) over losses in fisheries and vaccinations hopes join the US dollar weakness to boost up the pound. Global markets are in uptrend in the middle of calls that upcoming US official Yellen [...]
