FX MARKET REPORT 06.08.2020

FX MARKET REPORT 06.08.2020

FX MARKET REPORT 06.08.2020

Daily Commentary
FX MARKET REPORT 06.08.2020
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FX MARKET REPORT 06.08.2020

GBP/USD has hit 1.3183, the highest since March, showing that the BoE’s  decision includes powerful punches, propelling the pound.  GBP/USD has  hit a daily peak of 1.3183 – the highest since March – before  consolidating its gains. Cable may continue higher after the BoE’s  upbeat message, potentially breaking above 1.32. UOB Group noted EUR/USD  could advance to 1.20 on a close above 1.1930 in the next weeks. The  dollar’s index was  flat at 92.814, having fallen more than 0.5% in the  previous session to approach its two-year low of 92.539 marked last  Friday.

GBP/USD has hit 1.3183, the highest since March, showing that the BoE’s  decision includes powerful punches, propelling the pound.  GBP/USD has  hit a daily peak of 1.3183 – the highest since March – before  consolidating its gains. Cable may continue higher after the BoE’s  upbeat message, potentially breaking above 1.32. UOB Group noted EUR/USD  could…

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