Since Tuesday, June 30, the British Pound has been appreciating actively against the US Dollar. The GBP/USD currency pair has already gained 269 pips or 2.20%.
The first reason for the advance might be the UK Prime Minister Boris Johnson's announcement. The British Prime Minister revealed new planning rules to increase the number of homes, as well approve commercial premises to be repurposed more easily. The given measures are supposed to support the coronavirus-hit economy.
Additionally, the British Pound could gain support, as the Purchasing Managers Index survey for June showed evolving manufacturing recovery.