GBP/USD bounces as Trump and Besent fake the hopes of a tariff agreement
The sterling pound (GBP) is recovering ground against the dollar on Tuesday, rising 0.34% in a renewed hope that tariffs are effectively used as negotiation tools, since the president of the United States (USA), Donald Trump, said that “many, many countries are coming to negotiate agreements with us.” At the time of writing, the GBP/USD quotes at 1,2756 after bouncing from minimum daily around 1,2700. Read more…
The sterling pound is recovered against the US dollar in the face of fears of recession in the US.
The sterling pound (GBP) bounces about 1,2800 against the US dollar (USD) in the American session on Tuesday from the monthly minimum of 1,2707 registered on Monday. The GBP/USD pair recovers as the US dollar resumes its downward movement after an ephemeral recovery in the last two days of negotiation. The dollar index (DXY), which tracks the value of the dollar against six main currencies, falls to about 103.00. Read more…
GBP/USD extends back as the safe refuge trade resumes
The GBP/USD fell again on Monday, extending the cable to a second consecutive day of falls and pushing the offers back to the 200 -day exponential mobile average (EMA) just above 1,2700. After a brief respite, the US dollar has resumed its domain in risk aversion flows, with an investor feeling in decline that reinforces the dollar in general. 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.
