GBP/USD remains on positive terrain above 1,3700, all eyes placed in the publication of the US PCE.
The GBP/USD pair remains on positive terrain about 1,3735 during Friday’s Asian negotiation hours. The perspective of Trump to announce the next president of the FED weighs on the US dollar (USD) compared to the sterling pound (GBP). The data of the US Personal Consumption Expenditure Index (PCE) for May will be at the Care Center later on Friday.
Concerns about the future independence of the Fed continue to undermine the dollar and create a tail wind for the main torque. The president of the USA, Donald Trump, said he was considering selecting the next president of the Fed, which fed new bets on rates cuts in the US Trump mentioned that he has a list of possible Powell successors reduced to “three or four people”, without appointing the finalists. Read more…
GBP/USD continues its promotion in the graphics for the fourth consecutive day
The GBP/USD rose on Thursday, entering a fourth consecutive day of firm profits and reaching maximum of 44 months about 1,3770. A massive sale in the US dollar is strengthening the main counterparts of the dollar, helping pound to its highest offers in almost four years.
The feeling of the market has recovered its stability after a tense start of the week: the relaxation of tensions in the Middle East and the continuous indecision of commercial barriers by the Trump administration are helping to maintain the appetite due to the risk at high levels. The White House Secretary, Karoline Leavitt, suggested that the deadline of July 9 for the return of reciprocal tariffs would not be a rigid barrier, pointing to the markets that the Trump administration has been away from its threats of high tariffs, although the prospects for the firm trade agreements that President Trump promised continues to be quite annemic. Read more…
GBP/USD reaches maximums close to 4 years while Trump seeks successor for Powell, the dollar sinks
The sterling pound advances towards highs of almost four years against the US dollar on Thursday, since last -minute news revealed by the Wall Street Journal (WSJ) suggest that US President Donald Trump could appoint the successor of Jerome Powell as president of the Federal Reserve in October and September. At the time of writing, the GBP/USD quotes at 1,3746, with an increase of 0.61%.
The possible replacements for the president of the FED, Powell, according to the article, include former Fed governor, Kevin Warsh, the director of the National Economic Council, Kevin Hasset, and the Secretary of the Treasury, Scott Batsent. The news dragged the dollar down, since this would create confusion among investors, who would have to monitor Powell’s comments, along with the next president of the Fed. 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.
