GBP/USD can be seen about 1,3350, rebound due to a possible commercial agreement between the US and the United Kingdom
The GBP/USD pair bounces its recent losses, quoting about 1,3340 during Thursday’s Asian session. The sterling pound (GBP) gains traction at the speculation that the Trump administration could soon announce a commercial agreement with the United Kingdom (UK).
According to “The New York Times”, citing three sources familiar with the matter, the US President Donald Trump is expected to reveal the commercial agreement on Thursday. On Wednesday night, Trump hinted at the announcement in a publication on social networks: “Great press conference tomorrow at 10:00 am, at the Oval office, on an important commercial agreement with representatives of a large and highly respected country. The first of many !!!” Read more…
GBP/USD goes back before the BOE rates decision
The GBP/USD backed on Wednesday, losing six tenths of a percent while the markets kept a firmly planted foot in the dollar secure shelter. The Federal Reserve (Fed) kept the rates without changes, as expected widely, but those responsible for the Fed, firmly trapped in a “wait and see” approach, hindered the appetite for the risk during the market session in the middle of the week. The Bank of England (BOE) is the following with its own rates decision on Thursday, and it is widely expected to deliver another cut of a quarter.
The feeling of the market decreased after the press conference of the president of the FED, Jerome Powell. He declared that US commercial tariffs could hinder the FED objectives for inflation and employment this year. Powell warned that continuous political instability could force Fed to adopt an ‘wait and see’ approach to interest rates. Although the feeling of consumers and companies was severely affected by Trump administration tariffs, the lack of significant negative economic data complicates the justification of the Fed for immediate changes in interest rates. Read more…
GBP/USD slides while the Fed keeps rates, says the growing inflation and uncertainty in growth
The GBP/USD extended its losses on Wednesday after the Federal Reserve (FED) decided to keep interest rates without changes as expected, with most of the looks at the press conference of the president of the FED, Jerome Powell. At the time of writing, the PAR quotes about 1,3331, with a fall of more than 0.20%.
The GBP/USD falls more than 0.20% to 1,3331 while operators expect Powell’s conference to obtain clarity about politics. The Federal Reserve voted unanimously to keep stable interest rates at 4.25%–4.50%, as expected. The Central Bank said that economic uncertainty has increased, with high risks of high inflation and increased unemployment. 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.
