Currency Update by Heena Naik, Angel Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Views On Currency Update by Heena Naik, Research Analyst - Currency, Angel Broking Ltd
Currency Update
- GBPINR surged sharply by more than 1 percent touching the higher levels of 104.30 tracking the bullish move in USDINR.
- Also, GBPUSD has moved up by more than 1% overnight towards 1.4008 levels on expectations of better than expected economic data set releases this week which worked in favour.
- Fall in US Dollar Index after the US Feds reiterated its view that any spike in inflation was likely to be temporary.
- Britain recorded 10 deaths due to Covid-19, lowest since Sep'20.
- Non essential stored re-opened in England with more than 87% people heading to shops across. This points out towards probable economic recovery soon
Above views are of the author and not of the website kindly read disclaimer
Tag News
On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
