The dollar has continued to drop against the pound this morning. With optimism cautiously growing about a new treatment for coronavirus in the months to come, the appeal of safe haven currencies will lessen somewhat. A University of Chicago hospital has carried out experimental drug trials, which have reportedly had positive results. That said, worries over the spread of the virus in the US itself are conversely also pushing the dollar down as some join protests to lift lockdowns.
This week, we’ll see more jobless claims data for the US, with already-high unemployment expected to continue to rise. New home sales are expected to have fallen 15%, while, on Friday, durable goods are forecast to have dropped by just over 11%.
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