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
Daily summary: Its fear, but not panic yet. Trump has shaken the markets again.
New front in the trade war: Greenland❄️Will Gold rise further❓
Canada's December CPI surprised to the upside ❓🏛️
MIDDAY WRAP: European indices under pressure from the Greenland dispute, Japan announces snap elections 🎙️