LONDON, Aug 5 — Sterling edged higher today against a broadly weaker dollar as the US coronavirus relief package stalled in Congress and US bond yields sank. Sterling climbed back toward pre-pandemic highs and was advancing towards a five-month peak hit last week versus the greenback. The British...
Wednesday, 05 Aug 2020 05:34 PM MYT
Sterling climbed back toward pre-pandemic highs and was advancing towards a five-month peak hit last week versus the greenback. “It’s all about the dollar,” Gallo said. “Congress has not been a able to pass an aggressive fiscal stimulus package for the last month or so and you can roughly trace the beginning of the dollar fall to that.”
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