10:18, 20 July
Sterling lost 0.60% and closed the day at 1.3673. The fact that the number of Kovid-19 patients caused by the mutation in the UK was above 50 thousand caused the sales pressure in Sterling to continue. The fact that the US authorities raised the warning not to travel to the UK to «Level 4» accelerated the depreciation of the pound. In addition, the statements of the Bank of England (BoE) MPC member, Catherine Mann, "It is difficult to determine whether negative interest rates or an extension of the bond buying program are correct for the recovery of the economy" increase the uncertainty in the parity.
The pair, which is trading at its lowest level since February, can technically be traced above the resistance level of 1.3705, the 200-day simple average. Below, it can be viewed as 1.3650 support level.
- Resistance: 1.3705 – 1.3750 – 1.3810
- Support: 1.3650 – 1.3570 – 1.3495