The UK government’s approach to coronavirus pandemic kept a lid on the cable’s intraday uptick. Investors now look forward to the UK jobs data/US retail sales figures for some trading impetus, Haresh Menghani from FXStreet briefs. Key quotes “The Fed’s emergency decision to slash interest rates to zero and introduce a massive bond-buying program exerted some heavy downward pressure on the US dollar.” “The UK government’s controversial measures of fighting the coronavirus pandemic turned out to be one of the key factors that weighed on the GBP and kept a lid on the early uptick.” “A fresh round selloff across the global equity markets extended some support to the greenback’s status and further contributed to the pair’s intraday pullback.” “Market participants now look forward to the release of the UK employment report for some impetus. Later during the early North-American session, the US monthly retail sales data might further contribute towards producing some meaningful trading opportunities.” 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 Japan’s Motegi: Will discuss international cooperation to prevent coronavirus infection at G7 call FX Street 2 years The UK government’s approach to coronavirus pandemic kept a lid on the cable’s intraday uptick. Investors now look forward to the UK jobs data/US retail sales figures for some trading impetus, Haresh Menghani from FXStreet briefs. Key quotes “The Fed's emergency decision to slash interest rates to zero and introduce a massive bond-buying program exerted some heavy downward pressure on the US dollar.” “The UK government's controversial measures of fighting the coronavirus pandemic turned out to be one of the key factors that weighed on the GBP and kept a lid on the early uptick.” “A fresh round selloff across… 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.
