Dollar Jumps Ahead of Pound on Second Wave Concerns – 24 June, 2020

The United States revision of tariffs on european products and fears over the sure in coronavirus cases in the U.S. an England caused the pound to fall against the safe-haven dollar. Against the greenback, sterling was down 0.6% to $$1.2450 for the day, with the U.S. announcing a revision of $3.1 billion of exports from Britain as well as France, Spain, and Germany. The pound was down 0.3% against the euro at 90.47 pence per euro. Sterling was also weighed down by concerns over the future of a deal between Britain and the European Union.