GBP/USD collapses after the commercial truce between the US and China that drives the US dollar
The sterling pound collapsed more than 0.71% or 90 pips on Monday, after the weekend events that promoted the US dollar. The news about the de -escalation of the commercial war between the US and China weighed on the pound, which collapsed from around 1,3298. At the time of writing, the GBP/USD quotes at 1,3207. Read more…
The sterling pound collapses against the US dollar as the US and China reduce tariffs by 115%
The sterling pound (GBP) recovers some of its intradic losses after falling to about 1,3140 against the US dollar (USD) during negotiation hours in North America on Monday. Even so, the GBP/USD torque is 0.8% down around 1,3200. The cable falls dramatically as the US dollar is strengthened after the United States (USA) and China agreed a reduction in tariffs imposed in the commercial war in April, which will enter into force on Wednesday, for 90 days. Read more…
GBP/USD quote with negative bias below 1,3300 in the middle of a modest strength of the USD
The GBP/USD torque begins the new week in a weaker note and reverses part of the modest recovery of Friday from the neighborhood of the level of 1,3200, or more than a minimum of three weeks. Cash prices quote around the 1,3280-1.3275 region during the Asian session, lowering 0.20% in the day in the middle of a US dollar (USD) in general stronger. 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.
