ETFWorld.co.uk
London RationalFX

RationalFX : Investors rush to the dollar

RationalFX: Sterling fell on Monday, driven by a stronger dollar due to worsening US-China relations and the British currency entering one of its worst-performing months….

Sign up to our free newsletters


RationalFX


GBP

As the US were critical of China’s handling of the coronavirus outbreak and with the UK adding more pressure on China to answer questions over the information it shared about the outbreak, market sentiment was hurt and investors rushed to the safe haven dollar.

Later this week Boris Johnson is due to announce his plan to lift lockdown restrictions and get the fifth largest economy back up and running without triggering a second wave of infections.

Key Announcements

09:30 – GBP – Final services PMI – Unchanged at 12.3

3:00 – USD – ISM Non-Manufacturing PMI – Forecast at 37.5 from previous 52.5

Source : ETFWorld.co.uk

Related Articles

RationalFX: Sterling’s Downward Trend Continues

Editorial Staff

RationalFX: Sterling Tries To Recoup Losses

Editorial Staff

RationalFX: Sterling Maintaining Support

Editorial Staff