fxstreet.com 22 Feb, 2021 11:45 am

Powell to rescue sterling from Boris' cautiousness

Powell to rescue sterling from Boris' cautiousness
GBP/USD has been edging off the highs as US yields rise and ahead of PM Johnson's speech. A cautious UK reopening may weigh on sterling but remarks fr

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.” “Powell is set to testify before Congress on Tuesday and his prepared remarks may be released already on Monday.Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

Key quotes “According to the BBC's Laura Kuenssberg, a five-week gap will separate the lockdown lifting steps – a snail's pace in comparison to expectations.The promise of a slow exit from the lockdown is that it will allow vaccinating more people and also diminish the chances of having yet another shuttering of the economy.

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