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Despite the sharp decline in the US dollar with the formal signature and approval of the massive US stimulus plan.

The GBP/USD pair took advantage of the USD drop and moved towards the 1.2485 resistance.

Amid increasing volatility in the global financial markets and with the return of pressure on the US dollar after the approval of the huge and long-awaited US stimulus plan.

US Dollar weakness is anticipated to accelerate due to the massive oversupply of the currency by the Federal Reserve.

A global recession is now near-certain, but the UK economy is well-positioned to bridge the period to recovery with a limited increase in debt.

Economists fear a deep recession in New Zealand due to the nationwide lockdown in an attempt to prevent the Covid-19 pandemic from spreading.

The US Dollar edged higher versus the Japanese Yen during early trade in London as investors from Japan rush to cover a shortage in the greenback ahead of Japan's fiscal year end.

It seems that things are coming back to normal in China, as they registered a factory activity expansion this month.

Oil prices dipped below $20 per barrel on Monday, touching lows not seen since February 2002, before edging higher into Tuesday’s Asian trading session.

Get the latest Forex and market news around the world for Tuesday, March 31, 2020 here.