Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
Tag - gbp
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Check the performance of the market for Friday
Donald Trump was impeached by the US House because of his role in a riot by his supporters that left five dead. The trial that should follow after Trump stops being President should draw much attention.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
Asian equity markets mostly lacked firm direction as bourses took their cue from the rangebound session in the US where tech losses were offset by cyclicals.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
WTI oil price doesn't seem to care much about what's happening in the US Capitol. Why should it, right? Anyway, the USD is trembling - see the market update.
The British monthly GDP is announced on Friday at 09:00 MT time.
The GBP is the strongest and the USD is the weakest.
Brexit is done. What will happen to the UK economy and the pound? Discover in the article.
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.