GBP/USD was above 1.32 as growing coronavirus fears weigh on the US dollar while worries about Brexit have limited the upside move, Yohay Elam from FXStreet briefs. Key quotes “Bond markets are pricing a massive 75 basis point rate cut by the Federal Reserve on March 18. In the UK, the Bank of England’s borrowing cost stands at 0.75%, leaving it limited room to act.” “Fears about the spread of the outbreak in the US which is slow to test people and the crash in oil prices are also weighing on sentiment.” “In the UK, the number of cases reached 273 and three deaths have been reported. The infection in the UK is low and cannot be attributed to the fall pound’s inability to extend its gains.” “Michel Barnier, Chief EU Negotiator, expressed pessimism about reaching a deal on future relations before year-end.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY now looks to 100.00 – UOB FX Street 2 years GBP/USD was above 1.32 as growing coronavirus fears weigh on the US dollar while worries about Brexit have limited the upside move, Yohay Elam from FXStreet briefs. Key quotes “Bond markets are pricing a massive 75 basis point rate cut by the Federal Reserve on March 18. In the UK, the Bank of England's borrowing cost stands at 0.75%, leaving it limited room to act.” “Fears about the spread of the outbreak in the US which is slow to test people and the crash in oil prices are also weighing on sentiment.” “In the UK, the number of cases reached… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
