- The pound is firm in the market on Friday.
- The dollar validates recent gains in the previous employment report.
GBP / USD approached weekly lows in the Asian session located near 1.3530. It held above and bounced up to 1.3603, before falling back to 1.3580. The pound is rising modestly against the dollar on Friday, moving in ranges.
The pound is finished the first week after Brexit without major problems. Although it has fallen against currencies such as the euro, it did so without major falls. EUR / GBP remains in the recent range.
To concerns about the impact of Brexi speculation is added about more stimuli by the Bank of england but for now without significantly affecting the currency.
The Dollar weakness remains the main support for GBP / USD remains in the area of ​​recent highs. Although it did trade above 1.3700 and then fell back, the price is closer to the high in years than it was weeks ago.
He dollar on Friday is shown without significant changes, validating Thursday’s earnings. At 13:30 GMT the official US employment report will be released. Attention continues to US political issues and what is happening with the bond market, where bond yields have risen strongly in the last days.
Technical levels
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