GBP/USD falls below 1,3400 waiting for the United Kingdom’s labor data
The GBP/USD loses ground after registering profits in the previous session, quoting around 1,3390 during Thursday’s Asian hours. Investors are waiting for the United Kingdom Employment Report, which includes the change in the number of applicants and the ILO unemployment rate for three months until May, which will be published later in the day.
The GBP/USD torque is depreciated as the US dollar (USD) gains ground due to the growing chances that the Federal Reserve (FED) maintain its reference interest rate without changes in the range of 4.25% -4.50% in its July policy meeting, driven by June inflation figures in the USA. Which were higher than expected. Read more…
GBP/USD breaks its loss streak as the new dollar weakness reverses market flows
The GBP/USD saw renewed profits on Wednesday, breaking a streak of eight loss sessions as the pounding bidders stop a prolonged fall. The dollar suffered a new blow due to the deterioration of feeling in the market after the increase in the attacks of President Donald Trump towards the president of the Federal Reserve (Fed), Jerome Powell, and investors may be concerned about the political independence of the Fed.
The inflation of the United Kingdom consumer (CPI) index in June accelerated on all fronts on Wednesday. Inflationary risks make it difficult for the Bank of England (BOE) to perform more rate cuts, which further reinforces sterling pound. Read more…
GBP/USD is recovered by the fall of the US PPI and Powell’s possible dismissal by Trump
The GBP/USD torque reverses its course and recovers as the latest US Price Price Index (PPI) of the US rekindles the hopes of a feat cut by the Federal Reserve (Fed), while the holders suggest that US President Donald Trump could consider saying goodbye to the president of the FED, Jerome Powell. At the same time, inflation on the consumer side in the United Kingdom surprised investors, exceeding forecasts. At the time of writing, the PAR is quoted at 1,3454, with an increase of 0.55%.
The US production price index showed that factory prices remained unchanged in June, while the PPI fell from 2.6% to 2.3% year -on -year, below the forecasts of 2.5%. The underlying prices fell from 3%to 2.6%, which is below the estimates of 2.7%. 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.
