01/05/2020

Sterling strengthens as risk appetite improves


GBP

Sterling finished April on a strong footing, gaining over 1% on the US Dollar and 0.5% against the Euro on the last day before retracting slightly over the weekend. In his first press conference since contracting the coronavirus, British Prime Minister Boris Johnson announced a detailed roadmap will be unveiled next week for re-opening the economy and moving out of the current lockdown.

USD

The dollar fell sharply yesterday after the Federal Reserve’s surprise expansion of its Main Street Lending Program with Fed chairman Jerome Powell also warning that more needs to be done to support the US economy.

Key announcements 

15.00 –  USD –  ISM manufacturing PMI for April


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