The Pound Sterling was able to gain positive momentum during London trade Tuesday, but analysts point out that it remains vulnerable given the persistence of the benefits for the economy of the corona virus of the pandemic. On Tuesday, the government said that it would extend the current job-retention system until the end of November, the government is providing furloughed workers, with approximately 80% of their salary. This is a concern for the experts and for users, it is the way in which the government will be able to finance this plan, which is likely to cost billions. The fear, confirmed by a confidential document of the British Treasury, and that there will need to be a net increase in taxes in order to offset the costs.
The pair GBP/USD was trading higher at $1.2996, a gain or 0.2495% at 11:07 am, in London, the pair has varied from a session low of $1.22506 to a peak of $1.23156. The EUR/GBP was lower at 0.8819 Pence, down, 0.2568%, and is off the earlier lows, or 0.88073 Pence. The GBP/USD was higher at 131.643 Yen, a gain, or to 0.1507%, far from the session peak, or 131.849 Not.
The President of the Fed of the Word is Full of Surprise
In the united states, the usd is trading broadly lower ahead of a speech by the u.s. Federal Reserve, the president, who, experts say, may introduce the possibility of negative interest rates, in a speech he will give later today. Analysts have pointed out that the negative interest rate environment, may be the last tool in the Fed toolbox, however, they believe that Jerome, Barry, but could be today with the ability-to-speak-in-one online illustration forum as an opportunity to prepare the masses for this possibility. The EUR/USD was trading at $1.0852, a gain or a 0.0535%, while the USD/JPY was lower at 107.0500 Yen, down 0.11%.