GBP / EUR: British pound stabilizes as Boris Johnson looks forward to testing and monitoring progress

The British pound was stable against the euro on Thursday.

The euro has held near recent highs, but some have approached the figure of 1.10 per dollar, which seemed to cause a pause in its ascent. The pound held up despite the milder mood, with Prime Minister Boris Johnson expressing optimism that the UK may soon be ready for testing and plotting.

GBP / EUR is up 6 pips (+ 0.05%) to 1.1152 at 3:00 p.m. GMT.

The currency pair started the day lower but found support long before the 1.11 figure and picked up more than 1.115 in the afternoon. The exchange rate fell -0.61% yesterday, leaving a return of -0.17% since the start of the week.

GBP: UK test and trace offer hope

The Prime Minister is under increasing public pressure to do better in responding to the British coronavirus. The pound has retreated over the past week, among other things, fearing that the high death toll in the UK will undermine confidence and the British economy. PM announced good news on Thursday:

“We are making great strides in testing and tracing, and I am confident that we will soon have a system that will help us overcome this disease.” Boris Johnson, May 21, 2020

On confidence, a mixed set of business survey data for the United Kingdom was released on Thursday. CBI business trends fell to -62 from -50 expected while the UK PMI for flash services printed 27.8 instead of the 24 forecast.

EUR: technical decline after gains

On Thursday, the euro continued to rally against most currencies, but ran into sales after strong recent gains. The euro-dollar (EUR / USD) currency pair briefly rallied a large psychological price level to 1.10 but fell back soon after the 200-day moving average, an indicator widely followed in the currency markets.

The decline in the euro coincided with the May manufacturing PMI flash in Germany lacking expectations, while the reopening in France helped the service sector, where PMI exceeded expectations.

Currencylive.com is a news only website and not a currency trading platform.
Currencylive.com is a site managed by TransferWise Inc. (“We”, “We”), a Delaware company. We do not guarantee that the website will operate uninterrupted or error-free or that it will be free from viruses or other harmful components. The content of our site is provided for informational purposes only and is not intended to be an exhaustive treatment of its subject. We expressly decline any contractual or fiduciary relationship with you on the basis of the content of our site, you cannot rely on it for any purpose whatsoever. You must consult qualified professionals or specialists before taking or refraining from any action based on the content of our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or warranties, express or implied, that the content of our site is accurate, complete or current, and disclaims all implied warranties OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content published on this site has been ordered by us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not present themselves as one. The information and content published by these independent contractors has not been reviewed or approved by us. The opinions expressed by these independent entrepreneurs on currencylive.com do not represent our views.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit