The sterling pound (GBP) is weak, with a modest fall of 0.2% against the US dollar (USD) and is an intermediate yield between the currencies of the G10, says the head of FX of Scotiabank, Shaun Osborne.
Markets discount more risk of BOE relaxation
“The response of the British Prime Minister Starmer to commercial tensions seems to focus on internal measures aimed at regulatory reforms and fiscal deductions for the sectors affected by US tariff approximately.”
“The loss of rates support adds to the short -term decline for the GBP. The strong reversal of the GBP/USD last week broke its range of one month and pushed new local minimums in the middle/lower of 1.28. The RSI has fallen below 50, in bearish territory, and there seems to be no clear support before the lower part of 1.27.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
