GBP/USD expands its downward movement below 1,3500 waiting for the US IPC publication.
The GBP/USD pair extends the fall to around 1,3475 during Wednesday’s Asian negotiation hours. The sterling pound (GBP) weakens against the US dollar (USD) due to a weaker United Kingdom employment report. Later on Wednesday, the attention will focus on the inflation of the US consumer price index (CPI) for May.
The unemployment rate of the Ilo of the United Kingdom increased to 4.6% in the three months to April compared to the previous 4.5%, as shown by the United Kingdom National Statistics Office on Tuesday. This figure was in line with expectations. Meanwhile, the change in the number of plaintiffs stood at 33.1k in May compared to -21.2k previous (reviewed from 5.2k), below the 9.5K consensus. Read more…
GBP/USD weakens after the bad data of the United Kingdom, the US CPI continues
GBP/USD took a step down on Tuesday, falling under the weight of a wide mismatch in the salaries and unemployment figures of the United Kingdom. The inflation data of the US Consumer Price Index (CPI) are in the sights for Wednesday, and cable operators prepare to deal with commercial medium level data of the United Kingdom later in the week.
Trump administration delegates are completing commercial conversations with Chinese officials in London. The negotiations are close to completing, with loose ends that are expected to be resolved after the closure of Tuesday’s market. The important concessions of any of the parties have not yet been announced or achieved, which generates apprehension among investors while the commercial tensions persist at the policy level. 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.
