The GBP/USD bounces around 1,3450 after losing more than 1% in the previous session, focus on the United Kingdom CPI
The GBP/USD moves up after registering losses of more than 1% on the previous day, quoting around 1,3440 during Wednesday’s Asian hours. The operators will focus on the data of the United Kingdom Consumer Price Index (CPI) for May, scheduled to be published later in the day. It is anticipated that inflation data shows that pressures on prices have cooled. On Thursday, the Bank of England (BOE) is expected to maintain stable interest rates at 4.25%.
The markets expect the US Federal Reserve (FED) to maintain the interest rate without changes in the June meeting scheduled for later in the American session. The operators now see a probability of almost 80% of a rate cut by the Fed in September, followed by another in October, according to Reuters. Read more…
The GBP/USD collapses as the markets are directed towards safe shelters in the face of increased tensions in the Middle East
The GBP/USD collapsed more than 1.2% on Tuesday, retreating through the short -term congestion and leaving the other side near level 1,3400 after global investors were disappointed with their previous hopes that the altercation between Israel and Iran would find a rapid and peaceful resolution.
Donald Trump, publishing on social networks on Tuesday, declared that he wants an “unconditional surrender” of the Iranian supreme leader Ali Khamenei, and announced that US military assets were moving towards the region of the conflict in the Middle East. The escalation between Israel and Iran, in addition to Trump’s decision to involve even more active and US military personnel, has left investors in tension while their previous hopes of a rapid resolution wither. The Trump administration has a poor history in the successful resolution of geopolitical problems, both internal and external, despite the insistence of Trump’s team to structurally involve complex problems both at home and abroad. Read more…
The GBP/USD falls to 1,3500 while the US considers to join Israel in the conflict with Iran
The GBP/USD collapsed below the figure of 1,3500 for the first time in the week, falling more than 0.39%, while the tensions in the Middle East remained high, with news sources revealing that the United States (USA) are weighing whether to join Israel in their confrontation with Iran. At the time of writing, the Par quoted in 1,3515, having previously reached maximum daily of 1,3579.
Geopolitical risks are promoting the US dollar, which, according to the US dollar index (DXY), which tracks the performance of the dollar against six currencies, has risen 0.31% to 98.43. On Monday, the president of the USA, Donald Trump, recommended the Iranians in Tehran Evacuar while abruptly left the G7 meeting in Canada. 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.
