Sterling On The Rise
GBP/EUR – Lifts 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.