The pound is making a quick G o on Tuesday. The pair’s run-up from last Friday’s lows of 1.2020 was halted at 1.2110 early today, before giving back most of the territory gained in the previous days and reverting to 1.2035 thus far.
The Pound Sterling has failed to benefit on the upbeat market attitude experienced on Tuesday.
The news that Chinese officials will eliminate quarantine rules for arriving passengers has been welcomed by investors, reflecting on the gains in the world’s major financial markets.
In the absence of important macroeconomic announcements in the UK, a Financial Times article from retail analytics service Springboard reported a fall in boxing day sales, despite an increase in shoppers from last year, when COVID-19 limitations kept people at home.
In America, The release of the US Goods Trade Balance, Housing prices, and the Dallas Fed Manufacturing Index will be of interest to investors, albeit the impact on currency crosses is likely to be minimal.
