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GBPJPY Bounces Off 4-Week Low
The pound sterling has begun a tentative recovery after giving back all its gains in June. However, its advance might not be a smooth ride as ongoing Brexit talks may stir up volatility.
The EU’s potential openings on contentious issues such as fishing rights and state subsidiaries have so far failed to convince Britain. The pound could see a jittery rally as news about the negotiation trickle down. Meanwhile, Tuesday’s GDP could offer a much-needed boost if Britain’s economy started to show signs of relief.
A rebound from 131.80 will help the rate stay afloat. On the upside, 136.00 is the immediate resistance.
EURNZD Feels Tariffs Pressure
The euro has been stabilizing against its riskier peer over the last few days as commodity currencies retreated from their recent highs. The ECB has reckoned that the eurozone might be past the worst of the pandemic crisis, w...
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