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- Prospective second UK lockdown triggers sharp fall in the British pound and European stocks, while the Japanese yen and the dollar rise on fresh risk aversion
- EURJPY drops to two-month low as traders migrate to safety on fresh risk aversion
- Euro falls on risk aversion / weaker pound
- Cable extends lower after triple failure at 1.30, as UK government considers new lockdown
- Bears pressure pivotal support at 104.18, break of which would risk drop to 2020 low
- Weekly market overview
- Cable pressures 1.30 barrier but so far lacks strength for final break
- The dollar returned to red after downbeat US data on Thursday
- Strong recovery extends above $40 as OPEC+ presses for better compliance in production cut
- Sterling drops one full figure as BOE hints negative rates