|Day's range||1.254 - 1.261|
|52-week range||1.1477 - 1.3510|
The latest Bank of England figures on household debt suggest people are using lockdown to 'reduce spending, shore up savings and slash debt.'
Interest in new homes to let has soared in most of the UK, with job losses and working from home also thought to be fuelling demand.
Banking executives warned this week that as many as 50% of Bounce Back loans could eventually go bad, leaving the taxpayer with billions in losses.
An additional 300,000 people have been furloughed over the last week, despite plans to gradually ease lockdown restrictions.
The pandemic has brought an abrupt end to the pre-crisis recovery in property prices, with the average price dropping £4,000 between April and May.
With the RBA holdings policy unchanged, the focus returns to the key risk drivers. Continued unrest in the U.S and tensions between the U.S and China are in focus.
The investment climate in June will be shaped by forces that emerged in May. Many countries began relaxing lockdowns and various activity-based alternative data, like traffic pattern, Open Table Reservations showed improvement on the margins.
Early in the summer of 2020, the British Pound is slowly growing against the USD, which is quite good after a depressing previous week. At the beginning of June, GBP/USD is mostly trading at 1.2403.
Small firms have increased trade with Commonwealth and BRICS nations, even before Britain breaks ties with Europe when the Brexit transition period ends.
A daily overview of the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.
The coronavirus continued to dent output, new orders, and employment in the country's manufacturing sector.
The British pound rallied above the 1.25 handle to reach towards 1.2550 level. The market looks as if it is fighting the previous resistance.
GBP/USD continued to push higher and trades a fresh one-month high in early trading on Tuesday as the dollar continues to tumble.
A UK watchdog said borrowers could apply for a new or second mortgage holiday until 31 October if they face coronavirus-linked financial problems.
A London trader was pleased to serve the chancellor a falafel wrap, but said sales were down 80% on normal levels as England's outdoor markets re-opened from Monday.
The British pound rallied a bit during the trading session on Monday, showing signs of bullish pressure yet again. We have broken above the 50 day EMA.
GBP/USD recovered higher last week on the back of a broadly weaker dollar but is seen approaching an important technical resistance level.
As we already know, I was a bit bullish on the GBP crosses, mostly on the GBP/USD. We can see that the first target has been reached. Continuation is possible.
GBP/USD breached the resistance level at 1.2350 and continues to gain upside momentum.
From nationwide unrest sweeping the US, to jobless claims, stimulus packages and central banking decisions — markets are in for a rocky ride.
It’s a busy week ahead. Central banks are in action and China will be in a retaliatory mood. Then there are the stats to begin tracking once more…
The cost of the coronavirus pandemic is mounting for the UK government, according to projections from the Office for Budget Responsibility.