OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD: The pound is well-positioned

The cable crashed on Thursday as investors rushed to the safety of the US dollar amid a massive market sell-off. It is recovering on Friday, also thanks to the Fed's second emergency intervention, Yohay Elam from FXStreet informs.

Key quotes 

“President Donald Trump repeated the incorrect claim that everybody that can get a Covid-19 test and said markets will recover. He also rejected the Democrats' proposal for special funding.”

“After cutting rates last week, the Fed injected $500 billion in liquidity on Thursday and will do so again on Friday.” 

“The pound is well-positioned to beat its peers amid the better response from British policymakers.”

 

Coronavirus update: English Football League, Champions League matches, suspended

-- more to come
Read more Previous

Australia: Moderate job creation in February – Standard Chartered

The Australian Bureau of Statistics (ABS) will release February labour-market data on 19 March. Chidu Narayanan, an economist at Standard Chartered Ba
Read more Next
Start livechat