Live Breaking News & Updates on Reopening Plan Capping

British Pound Forecast: Reopening Plan Capping EUR/GBP, Buoying GBP/USD
2021-02-23 07:30:00
Daniel Moss,
Analyst
British Pound, GBP/USD, EUR/GBP, UK Reopening, Covid-19 Vaccinations – Talking Points:
Equity markets gained ground during APAC trade as stabilizing yields firmed market sentiment.
The British Pound may continue to outperform on the back of Prime Minister Johnson’s reopening plan.
GBP/USD guided higher by an Ascending Channel formation.
EUR/GBP poised to extend losses after crashing through key support.
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Asia-Pacific Recap
Equity markets regained lost ground during Asia-Pacific trade, with risk appetite firming in the wake of stabilizing bond yields. Australia’s ASX 200 climbed 0.86% and Hong Kong’s Hang Seng Index surged 1.86%. Copper continued its surge to its highest levels since 2011, while crude oil prices crep ....

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