Sterling tries to recover from four-week trough

2020-06-29 10:18:21 GMT (Economies.com)
Sterling tries to recover from four-week trough

Sterling rose in European trade away from four-week lows against the greenback, as the dollar index retreats ahead of data and speeches by BoE officials. 

 

GBP/USD rose 0.4% to 1.2389, after closing down 0.7% on Friday, marking four-week lows at 1.2314. 

 

Sterling lost 0.1% last week against dollar, the third weekly loss in a row on doubts on whether Britain can manage a trade deal with the EU before the end of the Brexit transition period. 

 

The dollar index fell 0.2% on Monday on track for the first loss in four days on improving risk appetite, hurting the appeal of the greenback. 

 

External BOE MPC Member Gertjan Vlieghe will deliver a speech titled "Observed macroeconomic tail risk and asset prices: new long term evidence" at the BOE's Asset Pricing Workshop, via satellite. 

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7312.24
58.91
0.81%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
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