FX MARKET REPORT 06.08.2020

Published: Aug. 6, 2020, 9 a.m.

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GBP/USD has hit 1.3183, the highest since March, showing that the BoE\'s  decision includes powerful punches, propelling the pound.  GBP/USD has  hit a daily peak of 1.3183 \\u2013 the highest since March \\u2013 before  consolidating its gains. Cable may continue higher after the BoE\'s  upbeat message, potentially breaking above 1.32. UOB Group noted EUR/USD  could advance to 1.20 on a close above 1.1930 in the next weeks. The  dollar\'s index was  flat at 92.814, having fallen more than 0.5% in the  previous session to approach its two-year low of 92.539 marked last  Friday.

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