The dollar is down against the pound this morning, after a strong day yesterday. Private payrolls data revealed that job losses have hit a record 20 million, in another sign of the impact on the US economy. The Federal Reserve’s Raphael Bostic, speaking yesterday, said that it will be difficult to predict the shape of the economic recovery, with substantial regional variation expected.
Tensions continue to rise between the US and China, with Donald Trump calling the pandemic ‘the worst attacked we’ve ever had on our country…worse than Pearl Harbour, worse than the World Trader Center’.
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