The sterling pound exceeds the US dollar, commercial conversations between the US and China under the focus
The pound sterling (GBP) rises to about 1,3580 against the US dollar (USD) during the European negotiation session on Monday. The GBP/USD pair gains ground while the US dollar does not yield as its peers amid uncertainty before commercial conversations between the United States (USA) and China in London later a day. The dollar index (DXY), which measures the value of the dollar against six main currencies, corrects about 99.00 after a decent rise movement on Friday.
Both Washington and Beijing have confirmed that their delegates will negotiate commercial terms. The announcement came at a time when the US faces some cracks in the labor market, and the Chinese economy faces deflation. Read more…
GBP/USD forecast: the sterling pound approaches maximum of several years
The GBP/USD was corrected downward on Friday, but still closed the previous week in positive territory. The pair wins traction in the European morning on Monday and goes up to 1,3600, while short -term technical perspectives point to an accumulation of bullish impulse.
The US dollar (USD) benefited from May market data on Friday and did not allow the GBP/USD to increase its weekly profits. The US Labor Statistics Office reported that non -agricultural payrolls increased by 139,000 in May, exceeding the 130,000 market. In addition, the unemployment rate remained stable at 4.2%, as it had been predicted. Read more…
GBP/USD weekly perspective: Libra sterling bulls point to a break above 1,3600 in a week driven by data
The sterling pound (GBP) advanced against the US dollar (USD) while the GBP/USD torque reached the highest level since February 2022, briefly above the 1,3600 brand.
The GBP/USD entered a upward consolidation phase in the first half of the weekafter the progress of the week before maximum of 39 months of 1,3593. The pair capitalized the wide weakness of the US dollar at the beginning of the week in the midst of renewed fears on the US economy and uncertainty in commercial policy. Read more…
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.
