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Sterling On The Rise

Sterling On The Rise

GBP/EURLifts to 22-Month High, the exchange rate is trading higher during today’s session in response to mounting concern surrounding coronavirus case numbers throughout the UK and Europe. 

EUR/USD –  is trading around 1.1350, consolidating the bounce amid a broadly weaker US dollar. Treasury yields pull back from two-year highs ahead of Wednesday’s US inflation data. Meanwhile, ECB Lagarde’s speech, Powell’s Testimony awaited.

GBP/USD – stays firmer around 1.3600, up 0.12% intraday heading into Tuesday’s London open. The cable pair rose to the highest levels since November 09 the previous day before reversing from 1.3603 amid a US dollar rebound.

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