GBP/USD weekly perspectives: sterling pound seems vulnerable to inflation and commercial tensions
The pound sterling (GBP) entered a phase of consolidation against the US dollar (USD), after the recent correction of the GBP/USD from about four years of 1,3789.
Despite the corrective consolidation, the GBP/USD sellers maintained the advantage in the middle of a constant recovery of the US dollar from minimum of several years. Read more…
The GBP/USD remains stable around 1,3500; It seems vulnerable near minimums of several weeks
The GBP/USD torque enters a bass consolidation phase during the Asian session and oscillates in a narrow range around the 1,3500 psychological brand, just a few PIPs above a minimum of three weeks reached on Friday. In addition, the fundamental background suggests that the lower resistance path for cash prices remains down.
A modest recoil of the US dollar (USD) from its highest level since June 25 turns out to be a key factor that lends some support to the GBP/USD torque. However, the decrease in the probabilities of a short -term reduction in indebtedness costs by the Federal Reserve (Fed), amid concerns that the commercial tariffs of US President Donald Trump would increase inflation, they should act as a tail wind for the dollar. Apart from this, the impulse of risk aversion could further benefit the status of the dollar’s relative refuge and contribute to limit the pair of currencies. 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.
