Pound Sterling Price News and Forecast: GBP/USD recovery from critical support, 1.4200 caps
|GBP/USD Forecast: Brexit, virus strain sterling, critical support breached, US data eyed
The highest number of COVID-19 cases since February – the Delta virus variant is spreading fast, making the UK's last reopening stage less and less likely. While Britain is a world leader in vaccination, this strain first identified in India is finding its way to those not fully immunized. The highly anticipated "Freedom Day" will likely be postponed from June 21 to early July. Read more...
GBP/USD Forecast: Recovery from critical support, 1.4200 caps
The GBP/USD pair fell to 1.4072, its lowest in almost a month, as the pound was hit by Brexit and coronavirus-related headlines. Regarding the first, talks between UK Brexit Minister David Frost and European Commission vice-president Maros Sefcovic to resolve differences over the Brexit deal broke up without a breakthrough on Wednesday. Read more...
GBP/USD looks to snap two-day losing streak, clings to gains around 1.4170
After rising toward 1.4200 on the back of Bank of England (BOE) Chief Economist Andy Haldane's hawkish comments on Wednesday, the pair lost its traction and closed in the negative territory for the second straight day. The lack of progress in the UK-EU talks on the Northern Ireland Protocol made it difficult for the GBP to preserve its strength. Read more...
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