The British pound rose sharply following comments from Prime Minister Boris Johnson boosted hopes for an economic recovery. PM announced that everyone in England will be able to take a COVID-19 test twice a week in a new drive to track the pandemic as the country slowly reopens from a strict four-month lockdown. Meantime rapid vaccine rollout will continue. Markets are hoping for additional information whether retail, outdoor hospitality and hairdressers can reopen on April 12th in England.
GBPUSD - early in the session Pound bounced off the 50 SMA ( green line) and broke above the major resistance support at 1.3850 following Johnsons comments. If the current sentiment prevails upward move may be extended to the 1.39 level. Source: xStation5
BREAKING: Mixed PMI from US
SpaceX IPO set for next month, as Nvidia shares, peace deal hopes and weak PMI data dominate sentiment
Significant Weakness Following PMI Releases from France and Germany. ECB Hike Under Threat?
Economic Calendar - Will Weak Asian PMIs Point to Weakness in Europe and the US?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
