OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD: The best measures cannot contain the fall

GBP/USD is falling down as Prime Minister Boris Johnson is convening his cabinet to decide on additional restrictions. US actions are also eyed, Yohay Elam from FXStreet reports. 

Key quotes

“According to reports, the Cobra panel will announce a move from the ‘contain’ phase to the ‘delay’ one, limiting gatherings.”

“The BoE surprised markets with an unscheduled double-dose rate cut – from 0.75% to 0.25%.”

“The UK government open its purse strings for coronavirus research, relief for workers and the wider population, and a leap in infrastructure spending.”

“Broader markets are struggling after US President Donald Trump failed to impress the public and investors by announcing limited measures to help employees while banning flights to and from Europe – excluding the UK.”


Copper Futures: There is still scope for a bounce

Open interest in Copper futures markets extended the downtrend on Wednesday, this time shrinking by just 410 contracts. In the same direction, volume
Read more Previous

Crude Oil Futures: Downtrend resumed

Traders added around 20.4K contracts to their open interest positions in crude oil futures markets on Wednesday, reaching the second build in a row as
Read more Next
Start livechat