The British pound has closed the previous week

The British pound has closed the previous week in a solid tone despite the shocking revelations regarding Britain’s two top officials. Bulls are projected to continue to advance in the trading sessions as the sterling disproportionally benefits from the risk appetite brought by the fall of the greenback. Also, the news about Boris Johnson and Matt Hancock contracting the deadly virus barely prevented the pound from running away with gains last week, suggesting the robustness of the currency. Just recently, an official from Britain stated that the lockdown may last for up to six months, adding that things would only get back to normal by autumn. This, however, still doesn’t faze bulls as the Brazilian real is seen widely underperforming in the market. Considering that the own president of the country is flouting the social distancing guidelines, investors are turned off as Bolsonaro prioritizes the economy before public health and safety.