Trade optimism led risk-on drags the dollar broadly lower while Brexit breather underpins the GBP. The bulls cheered fresh broad-based US dollar weakness induced by a renewed risk-on wave amid the recent trade optimism. Traders sold-off the greenback across the board amid risk-on market profile, lifting the Cable from near 1.3080 troughs. Further, the GBP traders eagerly await the key UK first tier-macro releases in Tuesday’s jobs report and Wednesday’s CPI data for placing any directional bets on the spot.
Click here to read the full article