The British pound has been sluggish recently, being among a group of
non-US currencies that suffered general pressure due to risk aversion
sentiment caused by WTI's decline into negative areas. However, the
pound has now shown obvious resistance to decline.To get more news about
wikifx, you can visit wikifx news official website.
Despite Markit's service industry PMI in April of 12.3, which was
much lower than the expected 27.8, the pound did not show a sharp
decline, indicating that the market partially digested the epidemic's
shock on Britain's economy. We believe that pound s current exchange
rate at an extremely low range indicates the currency has little room
for further declines. As the global economy gradually recovers, the
pound may rebound significantly.
The negotiators of the United Kingdom and the European Union began
week-long consultations to discuss the relationship between the two
countries after the Brexit, including trade issues. As the epidemic
persists, the possibility of the UK applying for an extension of the
Brexit transition period is also increasing. The market still needs to
pay close attention to how the progress of related matters evolve.if you
want know more,
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