The caution of the Bank of England, stagflation in the UK, and the crisis in the Middle East are pressing the pound down. Following a short correction up, the GBPUSD resumed falling and will hardly tu
GBP/USD is retracing its overnight gains on the day See here for global coronavirus case data The pair saw a wild run higher from levels just under 1.2500 to hit a high of 1.2643 in overnight trading,
Mizuho says that the yen gains today are mostly to do with positioning with the US on holiday That was also pretty much the case on Friday as the market continues to take cues from then in trading tod
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