GBP/USD remains stable above 1,3500 before the United Kingdom CPI and Fed/BOE policy meetings
The GBP/USD torque lacks a firm directional bias intradic and oscillates in a narrow negotiation range, above 1,3500 during the Asian session on Tuesday. However, cash prices remain close to a maximum of three years achieved last Friday, since operators choose to wait for this week’s key data and the risks of central banks events before positioning themselves for the next phase of a directional movement.
Inflation figures to the United Kingdom consumer will be published on Wednesday before the crucial policy meeting of the Bank of England (BOE) on Thursday, which should influence the sterling pound (GBP). In addition, the decision on the interest rate of the US Federal Reserve (FED) on Wednesday will boost the US dollar (USD) in the short term and provide significant impulse to the GBP/USD torque. Read more…
GBP/USD remains close to the maximum before the interest rates of central banks
The GBP/USD continues to generate activity in the upper part of the 40 -month -old peaks, oscillating in the 1,3600 region while cable operators enjoy a continuous impulse. The flows of the US dollar continue to decrease throughout the market due to geopolitical holders, keeping the libra sterling on the rise as the interest rates decisions of the two central banks are approaching.
The conflict between Israel and Iran continues to overflow, with both sides by launching missile attacks on several objectives and the Trump administration considering the possibility of getting directly involved in the altercation. The feeling of investors in the market in general trusts that both parties reach some kind of peace agreement before the conflict extends to the surrounding region. Read more…
GBP/USD bounces above 1.36 As the Israel-Iran conflict deepens, the dollar weakens for the change of risk
The GBP/USD shot during the North American session, climbing above the 1.36 figure as hostilities in the Israel-Iran conflict intensified during the weekend and continued in the new week. At the time of writing, the PAR is quoted at 1,3600, winning 0.27%.
Last Friday, the GBP/USD retreated for risk aversion and fell to 1,3515, since Israel made attacks on Iran’s military and nuclear facilities, together with selective attacks on senior officials. Since then, Iran has taken reprisals, and with both parties exchanging blows, a truce seems distant. 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.
