GBP/USD rises about 1,3200 before the United Kingdom employment and US employee publications.
The GBP/USD pair rises to about 1,3195 during the first hours of the European session on Tuesday. The sterling pound (GBP) advances against the dollar due to positive developments around the commercial agreement between the US and the United Kingdom last week. The United Kingdom employment and inflation reports of the US will be the points highlighted later on Tuesday.
The president of the USA, Donald Trump, said last week that he will continue to impose a new 10% tariff on imports from most British goods, but will reduce the highest tariffs on car imports, steel and British aluminum. These positive developments around the commercial agreement between the US and the United Kingdom raise to the GBP/USD. Read more…
GBP/USD falls as tariff cuts reinforce market feeling
The GBP/USD fell on Monday, collapsing a little more than one percent and pushing the torque below the 1,3200 zone after a generalized recovery in the dollar demand. The United States (USA) and China agreed to temporarily suspend high three -digit tariffs during the preliminary commercial conversations of the weekend, and the markets have some margin to breathe before the strange calendar of “reciprocal” tariffs of the US again enters into force in 90 days.
The operators will be ready to start on Tuesday: a new lot of employment figures from the United Kingdom is expected, followed by a key inflation data of the US Consumer Price Index (CPI) that will be published during the next session of the American market. The change in the number of applicants from the United Kingdom is expected to increase in April, predicting a 22.3K increase compared to March 18.7K. The ILO unemployment rate is also expected to increase slightly to 4.5% for the three months that end in March, and it is expected that average time gains will decrease slightly. 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.
