GBP/USD | British Pound to US Dollar Trading Analysis

GBP/USD | British Pound to US Dollar Trading Analysis

Written by: PaxForex analytics dept - Monday, 20 April 2020 0 comments

British Prime Minister B. Johnson, unlike his American counterpart Trump, is in no hurry to relax quarantine measures. The Times wrote about it. On Sunday in the Financial Times it was announced that in March this year it went bankrupt by 21 thousand more British companies compared to last year. Thus, the bankruptcy rate increased by 70%. Johnson told colleagues that he is cautious about the quarantine. His "main concern" is to avoid a second wave of coronavirus pandemics. He is worried that too soon the quarantine can now lead to a second wave and a new quarantine, which will seriously affect the health of the nation and the economy.

GBP/USD, 30 min

Pivot: 1.2476