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Sterling Holds Steady Despite PM Johnson Being Hospitalized

Apr 8 2020, 05:42 PM (BDT) | Orbex.com

gbpusd sterling

The Pound sterling is trading within the range of 1.2277 and 1.2854.

The currency brushed aside concerns after reports of PM Johnson bring admitted to the intensive care emerged.

For the moment, the currency pair could continue its sideways range. The Stochastics oscillator, however, points to a possible downside breakout as the momentum is slowing.

Economic data also continues to remain on the back burner for now.

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