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01.06.2020 Eur/Gbp Daily Analysis

Eur/Gbp today is trading at 0.8975; it is trading lower with 0.0022 mainly because the euro lost steam during the US session as the Gdp/Usd firmed up.

Yazar: editor_1

Yayınlanma: 1 Haziran 2020 18:37

Güncellenme: 25 Kasım 2024 05:36

01.06.2020 Eur/Gbp Daily Analysis

Eur/Gbp today is trading at 0.8975; it is trading lower with 0.0022 mainly because the euro lost steam during the US session as the Gdp/Usd firmed up. The dollar has remained vulnerable over the last session after the US GDP advanced that the economy contracted 5% in the first quarter. Dollar weakness has helped the pound to shrug off its own fragility. The cable has been trading on a soft tone over the last sessions, hurt by growing fears about a no-deal Brexit, market speculation about the Bank of England introducing negative interest rates and the weak UK economic outlook.
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