PRICE ANALYSIS GBP/USD: Fight about minimums of several weeks, around 1,3430 before the US CPI.
The GBP/USD torque is consolidated near the region 1,3430-1,3435, just above a minimum of three weeks touched during the Asian session on Tuesday, while the operators wait with interest in the publication of the inflation figure to the US consumer of the US consumer. Meanwhile, the fundamental background seems to lean in favor of the bassists and suggests that the road of less resistance for the prices to the counted is down.
The disappointing macroeconomic data published from the United Kingdom last week reinforced the bets that the Bank of England (BOE) could cut interest rates again in August. This marks a significant divergence compared to the diminished probabilities of an immediate cuts of rates by the Federal Reserve (Fed) and validates the negative perspective for the GBP/USD torque. That said, a modest recoil of the US dollar (USD) from a maximum of several weeks provides support to the currency pair. Read more…
GBP/USD extends falls to start the new week of operations
GBP/USD further fell on Monday, closing downwards per seventh consecutive market session and retreating under the 50 -day exponential mobile average (EMA) for the first time since mid -April. The markets expect the last round of tariff threats by the president of the US, Donald Trump, to end another delay or a suspension, but the negative economic data of the United Kingdom, as well as a general level of concern for investors, are keeping the appetite at the appetite for the risk and strengthening the US dollar as a safe refuge.
A new deadline for a wide range of tariffs has been arbitrarily set for August 1, after another delay of Trump’s “indefinite” reciprocal tariffs that were announced in April. In addition to the reciprocal tariffs of the “Liberation Day” of the Trump Administration, Trump is now threatening with two -digit tariff increases about some of the closest commercial partners in the US, including South Korea, Japan, Canada and Mexico. Read more…
GBP/USD slides while Trump tariffs agitate currency markets, IPC data is coming
The sterling pound (GBP) decoced 0.18% during the North American session while the US dollar (USD) is recovered after the wave of tariffs of the US president, Donald Trump, which included the European Union (EU) and Mexico. Although initially caused a reaction of risk aversion, the feeling changed positively in the actions, but not in the currency space. The GBP/USD quotes 1,3453 at the time of writing.
During the weekend, US President Donald Trump announced 30% tariffs on imports from the European Union and Mexico, the latter being less harmed than the tariffs of 35% taxes to Canada last Thursday. Meanwhile, the current week began with a deteriorated mood. However, the operators seem confident that three of the largest partners in the US –Canadá, the EU and Mexico – would sign agreements before the fixed term of August 1. 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.
