On Tuesday, April 14, the pound against the US dollar reached a monthly maximum at 1.2576. Optimistic market sentiment gives support to the British currency, which implies that very soon the spread of infection in Europe will stabilize. At least this will happen sooner than in the USA.
New infections and new lethal outcomes began to decline both in the eurozone and in the UK. This may indicate that Covid-19 surrenders in Europe. This fact supports the euro and the pound.
In the next 3 days the British government will decide to extent the period of blocking the country. Foreign Minister Dominic Raab said the deadlines will most likely be extended until May 7.
GBPUSD has already recovered by more than 61.8% after falling from March highs at 1.3200 to lows at 1.1410.
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New infections and new lethal outcomes began to decline both in the eurozone and in the UK. This may indicate that Covid-19 surrenders in Europe. This fact supports the euro and the pound.
In the next 3 days the British government will decide to extent the period of blocking the country. Foreign Minister Dominic Raab said the deadlines will most likely be extended until May 7.
GBPUSD has already recovered by more than 61.8% after falling from March highs at 1.3200 to lows at 1.1410.
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