GBP/USD falls as the solid data on unemployment applications in the US cool
The pound sterling (GBP) operates with losses of 0.27% on Thursday after an employment report in the United States (USA) revealed that the labor market is solid, reducing the possibility of a rate cut by the Federal Reserve (Fed) at the July meeting. At the time of writing, the GBP/USD is quoted at 1,3550, having reached a maximum of 1,3619. Read more…
The sterling pound faces pressure while the BOE warns about multiple economic risks
The sterling pound (GBP) goes back to its main peers on Thursday. The British currency falls as the Bank of England (BOE) warns of multiple risks to the United Kingdom economy (UK) in its report in the Financial Policy Committee (FPC) in the middle of the year on Wednesday. Read more…
GBP/USD gains strength above 1,3600 in the middle of a weak US dollar
The GBP/USD torque gains land around 1,3605 during Thursday’s Asian negotiation hours. The dollar weakens against the sterling pound amid the prospects for more interest rate cuts by the Federal Reserve (Fed) this year. The operators expect the weekly data of initial unemployment applications in the US later on Thursday. In addition, Federal Reserve (FED) officials are scheduled to speak, including Alberto Musalem, Christopher Waller and Mary Daly. 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.
