Pound Plunges on Brexit Woes – US Trading Session
GBP/USD rises above 2% on the day amid Brexit tensions , despite a 0.6% increase in UK GDP Failure in stimulus talks has seen US and Asian stocks under pressure Euro in the spotlight amid concerning high valuation noted during the ECB press conference
Dollar fails to rebound whilst US equity futures continue to rise and tax hike rumours spark in the UK
Dollar Index fails to hold to earlier gains from European morning session, falling sharply from 92.48 to 92.20. European and US equity bourses climb , with Japanese equities outperforming Asian peers. Though covid-19 cases are dropping in developed countries, they remain high in developing countries - the battle is far from over. Tax hike rumours in the UK?
GBP/USD Update 29 March 2020
4 Hour Chart – GBP/USD 29/04/2020 19:30pm Essential Insights: Cable is moving in a consolidative state, with a slight bearish tone. The is UK facing continued pressure to achieve a Brexit deal with the EU. Technical: As discussed in the recent GBP/USD brief (27/04/2020), prices are still moving within the…