The pound rose to three-week highs against a broadly weaker dollar in early London trading on Monday as Britain eased some lockdown restrictions, but the market's net short position on sterling is the largest in more than five months.
New rules designed to ease the lockdown in England came into force on Monday, even though scientists warned that, in the absence of a functioning system to track new outbreaks, the move was risky.
The new rules do not apply to Wales, Scotland and Northern Ireland.
A fourth round of trade talks on relations with the European Union following Britain's departure from the bloc will start this week. Britain has until July 1 to ask for an extension to the current transition period which is due to end in December.
The pound is being weighed down by a number of factors: Britain's high COVID-19 death rate, a lack of progress in Brexit negotiations, a bleak economic outlook, and the Bank of England (BoE) considering negative interest rates.
10 Jul 2020 04:28 PM
Indian shares closed lower on Friday as record daily increases of domestic coronavirus cases threatened to disrupt an economic recovery, with financial stocks taking the brunt of the losses.
10 Jul 2020 02:34 PM
The Indian rupee logged its worst week against the dollar in 14 weeks
10 Jul 2020 02:07 PM
Sterling traded slightly lower versus the U.S. dollar and was unmoved against the euro on Friday
10 Jul 2020 11:51 AM
Indian shares fell on Friday as a relentless surge in domestic coronavirus cases threatened to disrupt an economic recovery, although gains in pharmaceuticals and heavyweight Reliance Industries helped limit losses.
10 Jul 2020 11:15 AM
The yuan pulled back from a four-month high against the dollar on Friday as China's stock market rally ran out of steam
10 Jul 2020 10:49 AM
Gold was set for a fifth straight weekly gain on Friday as worries over a spike in U.S. coronavirus cases kept the safe-haven metal near the technical $1,800-per-ounce threshold.