GBPUSD FLASHES IN GREEN AS EU- UK AGREE TO QUICKEN UP TRADE TALKS: 16 JUNE |FOREX RECOMMENDATIONS
GBPUSD FLASHES IN GREEN AS EU- UK AGREE TO QUICKEN UP TRADE TALKS After claiming 1.26 handle in the previous trading session on EU-UK trade talk’s optimism, GBPUSD is trading in the positive territory on Tuesday amidst the selloff in the US dollar. This followed the FED’s overnight announcement on the Corporate Bond Purchasing program, which aimed to prevent the American economy from the strains of COVID-19. As of now, the cable is trading 0.50% higher at 1.2673. On Monday, the pair initially tested the intraday low of 1.2453 as increasing fears of second wave coronavirus across the globe increased the safe-haven bids for the greenback. WHO recommended UK not to announce further easing in coronavirus led restrictions as the UK is in a very active phase of the infection. Moreover, the coronavirus cases escalated in some parts of America as US President Donald Trump forced the reopening of the economy despite several warnings by the health experts. However, sterling erased all t