Daily Market Review: Risk Off Intensifies, GBP to Stay Linked to Brexit
Channel: JFD Brokers
Date: 12/06/2020

Daily Market Review by Charalambos Pissouros

Risk off intensified yesterday as investors may have continued locking profits following the recent steep recovery in equities. Post the FOMC decision, they may have also turned their attention back to the coronavirus numbers, with the new daily infected cases hitting a new record yesterday. As for today, we already got the UK’s monthly GDP for April, but the pound stayed unfazed. We believe that the currency’s faith may depend mostly on developments and headlines surrounding Brexit.

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