While shares have found their feet and the greenback is giving ground again, sterling may still stumble due to UK-related reasons, Yohay Elam, an analyst at FXStreet, reports. Key quotes “Daily COVID-19 deaths are on the rise once again, jumping to 545 in Tuesday’s report. The ongoing misery limits the government’s ability to lift the lockdown, weighing on the economy.” “David Frost, London’s Chief Negotiator, said that the EU is treating the UK as an ‘unworthy partner’ trying to bend it to EU norms, offering a low-quality deal. […] The ongoing tensions raise the chance that the UK exits the transition period without a trade deal, reverting to WTO rules, worrying investors.” “Britain’s CPI fell to 0.8% yearly in April, worse than expected. The sharp fall in inflation raises the chances that interest rates fall below zero. That could weigh on the pound.” 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: Potential to break higher – OCBC FX Street 2 years While shares have found their feet and the greenback is giving ground again, sterling may still stumble due to UK-related reasons, Yohay Elam, an analyst at FXStreet, reports. Key quotes “Daily COVID-19 deaths are on the rise once again, jumping to 545 in Tuesday's report. The ongoing misery limits the government's ability to lift the lockdown, weighing on the economy.” “David Frost, London's Chief Negotiator, said that the EU is treating the UK as an ‘unworthy partner’ trying to bend it to EU norms, offering a low-quality deal. [...] The ongoing tensions raise the chance that the UK exits the… 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.
