FX MARKET REPORT 20.08.2020
GBP/USD now seen between 1.3000 and 1.3230 – UOB.EUR/USD goes for a small break above 1.20 for the rest of the year but they think consolidation around 1.20 is the most likely outcome. The dollar edged higher in early European trade Thursday, helped by the Federal Reserve offering few clues that it intends to take a more dovish approach to help the U.S. economic recovery in the near future.