The pound will continue to weaken against the dollar

①The optimism that the UK will reopen has brought some impact, but the new round of pandemic fears has limited the pound’s gains against the U.S. dollar;
②People are optimistic that the UK will end the restrictions on social activities in July, which supports the earlier rebound of the pound and the United States. Supporting factors are largely offset by concerns about the spread of the more infectious Delta strain;、

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③Investors are still worried that if price pressures continue to intensify, the Fed will tighten monetary policy. In addition, the cautious sentiment surrounding the stock market has provided some support for the U.S. dollar, which does not appear to have been affected by the sharp drop in U.S. Treasury yields

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