GBP/USD: The pair is trading in trading with a clear dovish note as the latest UK COVID-19 victim count, and death toll figures greatly weighed down British Pound. Firm USD on increased safe-haven demand underpinning USD also added pressure on GBP resulting in pair falling below 1.24 handle. But USD is unlikely to make sharp gains given pressure from worse jobless claims data. The pair will move above mid-1.23 handle in North American market hours.
Let us know if you liked the post. That’s the only way we can improve.