The GBP recovered after the British government unveiled a 30 billion pound economic stimulus plan yesterday, hours after the BoE slashed interest rates to lift the struggling economy and combat the impact of the coronavirus on the economy.
With today’s ECB, we could see some more volatility for GBP/USD, if Lagarde and her crew would reduce interest rates. As also the BoE had made the step earlier on, we might see markets selling off further and more downside could be seen below yesterday’s support area.
