GBPUSD started the day like a winner. Among the most serious greenback’s contenders today, the Sterling “showed its muscles” against the buck, hovering above 1.2400 earlier in the day as COVID-19 continues to take its toll against the American economy. Is there another economic crisis looming on the US horizon? Consumer confidence neared the 1980s figure in Reagan’s time. There are plenty of buying opportunities here. Yet later in the day, lower moves are also possible, as the growth is not sustainable for long.
