GBP/USD Forecast: The sterling pound is triggered, Shell forbidden to try the acquisition of BP for six months
The GBP/USD extended its recovery and touched its highest level since October 2021 above 1,3750 on Thursday. The strong sales pressure surrounding the US dollar (USD), given the renewed concerns about the loss of independence of the Federal Reserve (Fed), could allow the pair to continue rising despite the overcompra conditions.
The Wall Street Journal (WSJ) reported late Wednesday that the president of the United States, Donald Trump, planned to announce his candidate for the next president of the Federal Reserve (Fed) soon, for September or October, in order to undermine the president of the FED, Jerome Powell. The means of communication said that Trump is evaluating the commitment of Kevin Hassett, director of the National Economic Council, and the Treasury Secretary, Scott Besent, to lower interest rates, since they are among the names that could replace Powell. Read more…
GBP/USD Perspective: Libra remains firm, possible additional profits after consolidation
The pound remains stable and remains within a close consolidation just below the new maximum of several months (1,3648), Registered on Tuesday, after a strong upward acceleration in the last two days.
The renewed appetite for the risk, given the growing confidence in a high still fragile fire in the Middle East, continues to support short -term action, while the markets expect more details of the second day of Powell’s testimony before the Senate Banking Committee. 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.
