FOREX TradingCharts.com

Forex News: Pound Higher As Virus Cases Continue To Drop

Pound Higher As Virus Cases Continue To Drop

08/03/2021 - 07:15:00 (RTTNews)

(RTTNews) - The pound climbed against its major counterparts in the European session on Tuesday, amid continued optimism over a fall in virus infections in the U.K.

The U.K. recorded 21,952 new cases and 24 new deaths on Monday, down from 24,470 infections and 65 fatalities seen on the previous day.

The 7-day average of new COVID-19 cases dropped 27 percent to 184,550 from the previous week.

In an interview with LinkedIn, Chancellor Rishi Sunak recommended young people to return to the office gradually as the restrictions were removed.

It is up to businesses to work with their teams to figure out the right approach in terms of a return to work, Sunak added.

The Bank of England's monetary policy decision is due on Thursday, although no policy changes are expected.

Economists expect the bank to push back prospects for a premature tightening as the Delta variant is likely to cloud near-term outlook.

The pound edged up to 152.10 against the yen and 1.3933 against the greenback, off its early lows of 151.54 and 1.3874, respectively. The pound is seen finding resistance around 154 against the yen and 1.41 against the greenback.

The pound reversed from its prior lows of 0.8551 against the euro and 1.2552 against the franc, rising to 0.8532 and 1.2596, respectively. The next possible resistance for the pound is seen around 0.83 against the euro and 1.28 against the franc.

Looking ahead, U.S. factory orders for June will be released at 10.00 am ET.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Little Changed After U.S. Durable Goods Orders (15 hr(s), 13 min(s), 05 sec(s) ago)
(RTTNews) - The U.S. durable goods orders for August have been published at 8:30 am ET Monday. The ...Full Story»

Dollar Mixed Ahead Of U.S. Durable Goods Orders (15 hr(s), 22 min(s), 06 sec(s) ago)
(RTTNews) - The U.S. durable goods orders for August are due at 8:30 am ET Monday. The greenback t ...Full Story»

Australian, NZ Dollars Advance Amid Rising Oil Prices, Stimulus Hopes (20 hr(s), 04 min(s), 05 sec(s) ago)
(RTTNews) - The Australian and NZ dollars climbed against their major counterparts in the Asian se ...Full Story»

Japanese Yen Appreciates Amid China's Crackdown On Crypto, Evergrande Fears (13 hr(s), 16 min(s), 05 sec(s) ago)
(RTTNews) - The Japanese yen climbed against its most major counterparts in the European session o ...Full Story»

U.S. Dollar Firms On Early Fed Rate Hike Hopes (19 hr(s), 07 min(s), 05 sec(s) ago)
(RTTNews) - The U.S. dollar gained ground against its major counterparts in the early European ses ...Full Story»

Australian Dollar Eases Amid Evergrande Worries (22 hr(s), 04 min(s), 06 sec(s) ago)
(RTTNews) - The Australian dollar retreated from its early highs against its most major counterpar ...Full Story»

Pound Rises Further After BoE Decision (16 hr(s), 46 min(s), 06 sec(s) ago)
(RTTNews) - As expected, the Bank of England kept its key rate at 0.10 percent and quantitative ea ...Full Story»

Pound Climbs Ahead Of BoE Decision (16 hr(s), 55 min(s), 05 sec(s) ago)
(RTTNews) - At 7.00 am ET Thursday, the monetary policy announcement is due from the Bank of Engla ...Full Story»

Search

FOREX NEWS

Dollar Little Changed After U.S. Durable Goods Orders

09/27/2021 - 08:38 AM (RTTNews)
(RTTNews) - The U.S. durable goods orders for August have been published at 8:30 am ET Monday. The ...Full Story>>

Dollar Mixed Ahead Of U.S. Durable Goods Orders

09/27/2021 - 08:28 AM (RTTNews)
(RTTNews) - The U.S. durable goods orders for August are due at 8:30 am ET Monday. The greenback t ...Full Story>>

Australian, NZ Dollars Advance Amid Rising Oil Prices, Stimulus Hopes

09/27/2021 - 03:47 AM (RTTNews)
(RTTNews) - The Australian and NZ dollars climbed against their major counterparts in the Asian se ...Full Story>>

Japanese Yen Appreciates Amid China's Crackdown On Crypto, Evergrande Fears

09/24/2021 - 10:35 AM (RTTNews)
(RTTNews) - The Japanese yen climbed against its most major counterparts in the European session o ...Full Story>>

U.S. Dollar Firms On Early Fed Rate Hike Hopes

09/24/2021 - 04:42 AM (RTTNews)
(RTTNews) - The U.S. dollar gained ground against its major counterparts in the early European ses ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.