Narrow ranges have been prevailing so far today. A backdrop of rallying stock markets haven’t inspired directional impetus in the forex realm. News that University of Oxford/AstraZeneca resumed its phase-3 trial of its candidate vaccine for the coronavirus was taken as a buying cue for stock investors. The trial had been paused last week after one of its volunteers fell ill. EUR-USD has been holding in the mid 1.1800s, which roughly at the midway mark of the range that’s been seen over the last four weeks. Cable has lifted moderately and posted intraday high at 1.2832.
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