The UK Treasury Secretary John Glen said in a statement on Tuesday, he is starting to see green shoots of economic recovery.
Meanwhile, UK agreed to a historic trade deal with Australia.
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Australian Trade Minister Tehan: Trade deal with the UK has been agreed
Additional comments
“British cars, scotch whisky and confectionery will be cheaper to sell in the tariff-free agreement.”
“Deal also offers young people the opportunity to live and work in Australia and removes barriers for businesses.”
GBP/USD reaction
GBP/USD is extending losses below 1.4100, unable to resist above the last despite the trade deal optimism and upbeat comments on the economic recovery.
A renewed uptick in the US dollar appears to have collaborated with the latest leg down in the spot.
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