GBP/USD forecast: sterling pound remains dangerously close to a key support level
The GBP/USD lost 0.3% last week and interrupted a three -week profit streak. The pair enters a consolidation phase on Monday and listed below 1,3300.
The GBP/USD closed virtually unchanged on Friday while the US dollar (USD) struggled to gain strength after the US labor market data. The Office of Labor Statistics (BLS) reported that non -agricultural payrolls (NFP) increased by 177,000 in April. Read more…
GBP/USD Weekly Perspective: The sterling pound awaits the Fed and BOE policy decisions for a new impetus
The King Dollar recovered his throne, registering the third weekly gain, due to the decrease in fears for the commercial war and the optimism that arises from possible trade agreements between the United States (USA) and its main Asian commercial partners.
The president of the USA Donald Trump and some of his colleagues remained in his rhetoric that commercial negotiations continued with China even though Beijing dismissed such conversations. Trump said during the week that he has “potential” commercial agreements with India, South Korea and Japan and that there is a very good possibility of reaching an agreement with China. 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.
