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RationalFX : Sterling Strengthens As Risk Appetite Improves

RationalFX :  Sterling rose to one month high against the Dollar and Euro as signs that lockdown measures may be slowing the spread of cornavirus which is contributing to risk appetite improving across the board….

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RationalFX


GBP

The pound has benefitted from positive risk sentiment in the last week as declining numbers of people transmitted with Covid-19, death rates slowing and some European countries easing restrictions soon is starting to create optimism. Recent positive news coming out in the media has contributed to investor optimism improving in recent days which has caused sterling to gain.

Furthermore the news of Boris Johnson being released from hospital has also impacted the pound positively as investors are growing in confidence and risk has decreased. After hitting 4 week highs against both the Dollar and Euro, the pound continues to gain at the expense of both other currencies weakening and risk appetite improving.

Key Announcements

1:30 – USD – Core retail sales m/m – Forecast at -4.9% from previous -0.4%
1:30 – USD – Retail sales m/m – Forecast at -8% from previous -0.5%

 

Source : ETFWorld.co.uk

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