Safe-haven currencies on defensive, sterling soft on spending plan
Share:
TOKYO (Reuters) - Safe-haven currencies were on the back foot on Tuesday as hopes of an economic turnaround boosted stock prices while sterling was under pressure after British Prime Minister Boris Johnson promised a "Rooseveltian" boost to public spending.Spurring fresh optimism on the U.S. economy was pending home sales data, which showed that housing market activity had quickly recovered in May from a plunge triggered by the pandemic.Pending home sales, based on contracts signed last month,..