福利网站Sterling weakened slightly on Wednesday after data showed inflation in Britain fell last month to its lowest level since June 2016 as the coronavirus pandemic sucked demand from the global economy and caused oil prices to tumble.
Sterling steadied near two-week lows against the dollar and euro on Monday as fears of a second wave of coronavirus hit risk sentiment and global markets, with investors also nervous ahead of a key meeting on Brexit negotiations.
The U.S. dollar fell on Monday afternoon after the Federal Reserve announced it would buy individual corporate bonds in the secondary market, sparking a risk-on move that sent U.S. stocks higher and safe-haven assets like the U.S. dollar lower.
The pound shed early gains against a weaker dollar on Friday to be 0.6% lower on the day as a combination of stronger appetite for risk, unprecedentedly weak economic data and Brexit concerns weighed on the British currency.
Financial markets may be in the process of repricing the world's most-traded exchange rate, with derivative contracts suggesting the euro could surge by as much as 6% against the dollar to $1.20 by year-end.
福利网站The U.S. dollar rose against the safe-haven Japanese yen and Swiss franc on Friday as stocks on Wall Street rallied from their worst one-day performance in three months, while the euro dropped against the greenback, erasing early gains.
Sterling rose against the weaker dollar and stayed flat versus the euro on Wednesday as Brexit uncertainty, the prospect of negative interest rates and Britain's large coronavirus death toll weighed on the currency.