Pound tumbles as UK lockdown plan fails to inspire ...
The pound was on the defensive at the start of this week’s session as confusion over Boris Johnson’s lockdown exit plan weighed on GBP sentiment.
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The pound was on the defensive at the start of this week’s session as confusion over Boris Johnson’s lockdown exit plan weighed on GBP sentiment.
The Australian and New Zealand dollar made gains on the back of a more positive market mood and unexpected surges in trade figures.
Although the US unemployment rate bettered forecasts in April the US dollar failed to capitalise on this in the face of bullish market sentiment.
Slight upward revisions to the Eurozone’s April services PMI were not enough to offer the euro any real measure of support last week.
GBP exchange rates came under pressure towards the end of the week in response to the BoE’s latest policy meeting.
The pound was on the back foot through yesterday’s session as markets responded to an abysmal construction PMI from the UK.
The euro fell sharply on Tuesday, after the German constitutional court ruled against the European Central Bank’s (ECB) stimulus programme.
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