Pound set fire to fleet

When all the major currencies are exposed to the risks, the market is dwelling on the global risk appetite

The pound’s strength looks surprising. The domestic data are extremely poor, the Brexit matter hasn’t been settled down, Boris Johnson’s government is not willing to extend the transitions period, and the coronavirus fallout can damage the UK economy more than the previous global financial crisis. The BoE forecasts the UK GDP should drop by 35% in the second quarter. Nonetheless, despite all the negative factors, the GBP/USD rose up from the bottom of the consolidation range 1.22-1.26 and is now driving…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>