GBP/USD falls from a maximum of 1,3770 while US PCE data and the feeling drives the dollar
The GBP/USD goes back more than 0.10% after reaching a maximum of almost four years of 1,3770 on Thursday, falling to 1,3700 while the US dollar recovers land after the publication of the Personal Consumption Expenditure Price Index (PCE) U.S. for May. This, together with an improvement in the feeling of the consumer among American homes, provides a lifeguard to the dollar. Read more…
The sterling pound is firmly negotiated before the US PCE data.
The sterling pound (GBP) maintains profits about a new three years around 1,3770 against the US dollar (USD) during the European negotiation hours on Friday. The GBP/USD pair clings to profits while the US dollar struggles to gain ground due to a strong deterioration in its demand as a safe refuge, after tensions between the president of the United States (USA) Donald Trump and the president of the Federal Reserve (Fed) Jerome Powell on the state of monetary policy. Read more…
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. 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.
