GBP/USD tumbled to a three-month low amid growing covid concerns


GBP/USD: Bears cheer coronavirus, Brexit pessimism below 1.3700

GBP/USD teases lows marked in March/April as bears take a breather around 1.3670 amid Tuesday’s Asian session. In doing so, the cable pair justifies the market’s fears over the Delta covid variant as well as Brexit woes. Also weighing the quote could be the Bank of England (BOE) policymakers’ pushing back of tapering and rate hike concerns.

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GBP/USD Forecast: Sterling free-falls on Freedom Day, Delta risks drop under double bottom

When the Health Secretary catches covid, it is easy to see that something is wrong. Sajid Javid has been one of the most recent Brits to test positive for coronavirus – roughly 50,000 daily cases are reported in the UK, and hundreds of thousands are called to self-isolated. The system has been “pinging” many who have come in close contact with infected individuals.

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