The British Chamber of Commerce, in its latest Business Tracker report, said that the UK companies were struggling with cashflow problems amid post coronavirus pandemic slow recovery. Additional takeaways “Most sectors had reopened for business. More than a third of businesses said that they had less than three months’ worth of cash reserves. The economy is struggling to regain momentum. Fears about whether businesses are strong enough to cope with a second lockdown.” Market reaction GBP/USD erases gains to trade flat at 1.3240, as the pound remains unperturbed by the above comments amid a broad-based US dollar bounce. Focus shifts to the UK CPI and FOMC minutes. 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 Coronavirus update: Germany’s new cases rise by 1,510, the most since end-April FX Street 2 years The British Chamber of Commerce, in its latest Business Tracker report, said that the UK companies were struggling with cashflow problems amid post coronavirus pandemic slow recovery. Additional takeaways “Most sectors had reopened for business. More than a third of businesses said that they had less than three months' worth of cash reserves. The economy is struggling to regain momentum. Fears about whether businesses are strong enough to cope with a second lockdown.” Market reaction GBP/USD erases gains to trade flat at 1.3240, as the pound remains unperturbed by the above comments amid a broad-based US dollar bounce. Focus shifts… 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.
