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30.04.2020 Eur/GBP Daily Analysis

Eur/GBP is trading high today at 0.8726, it went up with 0.0006 from 0.872.The reason why the pair is going up is mainly that the pound is weakening due to

Yazar: editor_1

Yayınlanma: 1 Mayıs 2020 14:36

Güncellenme: 5 Kasım 2024 18:53

30.04.2020 Eur/GBP Daily Analysis

Eur/GBP is trading high today at 0.8726, it went up with 0.0006 from 0.872. The reason why the pair is going up is mainly that the pound is weakening due to coronavirus lock down market concerns. The Uk is lagging behind with no signs of easing at sight from lifting their restrictions due to the impact of the coronavirus which left the country with the worst death toll in Europe and this is weighing on the pound since the main economies are starting to draft plans to lift their restrictions. The Euro has been strengthened against the pound by the brighter market sentiments today, with the main stock indexes trading high, while German CPI figures have shown a positive outcome.
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