UK PM Johnson planning to postpone June 21 lockdown lift – The Sun

British Prime Minister Boris Johnson is planning to delay the lockdown lift to July 19, which was originally scheduled to take place on June 21, to July 19 amid rising cases of the coronavirus Delta variant, The Sun reported on Friday. According to the news outlet, the UK will have a two-week review and could drop restrictions on July 5 if hospitalizations remain low. Read more…

GBP/USD Weekly Forecast: Sterling’s time to shine? UK data, Fed may put fuel to fire

Volatile, but no breakout – between Brexit’s comeback and the lack of a taper tantrum, cable has stuck to the range. The focus is mainly on the Fed’s decision and any hints of tightening. Britain’s reopening decision and top-tier data such as Britain’s jobs report are set to provide action as well. Read more…

End of week round up: GBP looks interesting going into next week

The USD has rallied and is now at a critical level but may struggle to turn before the close. GBP weakness looks interesting going into next week with EURGBP support located at 0.8542 and 0.8520. Read more…