GBP/USD rises about 1,2400 while Trump asks the Fed Tarks of Fees
The GBP/USD extends its profits for the second consecutive day, quoting around 1,2400 during Friday’s Asian hours. The rise in the torque could be attributed to the comments of the president of the United States, Donald Trump, on Thursday night.
President Trump said he wants the US Federal Reserve (FED) to cut the interest rates immediately. “With oil prices going down, I will demand that interest rates go immediately, and in the same way they should be going down around the world,” Trump said in the World Economic Forum in Davos, Switzerland. Read more…
GBP/USD remains close to family levels before Friday PMI data
The GBP/USD remained close to the level of 1,3550 on Thursday, since cable operators functionally ignored a scarce economic calendar and the lack of significant information to push the torque decisively in any direction. The headlines of the US president, Donald Trump, dominated most of the operators’ news feeds, but the impact on the market in general remains limited while Trump struggles to choose a general objective.
President Donald Trump lashed out on a wide variety of issues during his appearance at the Wef’s Annual Meeting in Switzerland, colloquially known as Davos, the city that houses the forum every year. President Trump reminded all the listeners that he intended to “annihilate” the US budget deficit, while somehow convinced the US Congress to approve “the greatest tax cut in the history of states United “At the same time. Donald Trump also promised to try to subvert the operational independence of the US Federal Reserve (Fed) demanding lower interest rates. 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.
