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Pound comes under pressure

GBP
  • Cable trades just off the low, but remains under pressure, a combination of the USD bid, DXY back at levels since 13th April, a mixed Retail Sale data on the Govie open, but more so on the latest Covid, with the UK recording highest infection day since February,.
  • And we get England vs Scotland tonight and more people likely in packed places.
  • Some attention today at 12.00BST on UK infection rate, which could pour cold water on full re-opening.
  • Next support in Cable comes at 1.3858 Low May 6..
  • The Pound is testing session low versus EUR and JPY

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