View on Currency Update - sterling pound By Heena Naik, Angel Broking Ltd
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Below are Views On Currency Update - sterling pound by Heena Naik, Research Analyst - Currency, Angel Broking Ltd
*Currency Update*
Today, GBPUSD has plunged by 0.45 percent whereas GBPINR has plunged by around 0.72 percent from its yesterday's closing. Reason behind the downfall could be attributed to:
- Broad demand for the safe-haven dollar amid a global surge in coronavirus infections that kept investors jittery.
- While most of the restrictions get lifted, Britain faces a new wave of Covid-19. The UK PM has urged the public to remain cautious.
- USDINR has fallen by almost 0.34 percent today which in turn has influenced the trend of GBPINR.
Above views are of the author and not of the website kindly read disclaimer
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