The british Pound remained close to 2 month lows against the usd and the Eur during London trade on Tuesday. Expectations that the Bank of England is considering a negative interest rate environment, optionally, coupled to an impasse in the negotiations for the “brexit”, we keep the Pound within a narrow band of trading. With a little more than half the month already gone, and the Book has lost 3.7% so far against the US Dollar. With these elements, and taking into account the persistence of the impact of the corona virus which is likely to have a strong positive effect on Growth, the analysts see a long mood shift in relation to the currency.
The pair GBP/USD was trading more than $1.12124, a gain or 0.1934% at 11:22 am, in London, the pair has varied from a low of $1.20704 a maximum of $1.21305. The EUR/GBP has been trading lower to 0.8910 Pence, a loss of 0.3122%, and is off, the earlier low, or 0.89077 Pence.
Markets to Look at the UK Labour Data
With a light day ahead on the economic calendar, the markets will focus on the future of the release of the work data for the united kingdom. The Office for National Statistics will be to disseminate information on wages, as well as the claimant count change. The latest survey suggests that wages are the most likely to be fallen within the 3-month period of March, from 2.7% and 2.6% (with and without bonus, respectively). More particularly, the claimant count is significantly higher, with an estimate of 150,000 in April, compared to 12 000 in March.