The sterling pound collapses by global commercial tensions
The sterling pound (GBP) weakens in front of its main peers on Wednesday. Investors prepare for more volatility in the British currency, since the protectionist policies of the president of the United States (USA) Trump have contained the risks of a global recession. JPMorgan analysts believe that the rapid escalation of US tariffs on China is disruptive enough to push the global economy to a recession. Read more…
GBP/USD: It will probably be negotiated between 1,2740 and 1,2860 – UOB Group
Current price movements are probably part of a phase of trade in rank, probably between 1,2740 and 1,2860. In the long term, the sterling pound (GBP) could decline even more against the US dollar (USD); It is not clear if you can reach the next important support in 1,2580, the FX analysts of UOB Group, to be Leang and Peter Chia point. Read more…
GBP/USD shows about 1,2850 due to the decrease in commercial tensions after Trump’s comments
The GBP/USD pair advances for the second consecutive session, quoting about 1,2820 during Wednesday’s Asian hours. The increase in the Torque is backed by the decrease in commercial tensions after the US president Donald Trump indicated opening to negotiations with global partnersfeeding the hopes of a possible unwinding in commercial conflicts. 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.
