GBP/USD Perspective: The key support zone is under pressure before the announcement of the commercial agreement between the US and the United Kingdom
The cable remains in Red on Thursday and presses the key support zone after a jump of 0.5% during the night by news of a possible commercial agreement between the US and the United Kingdom, which was quickly reversed.
The US President Trump is expected to announce the details of the initial trade agreement with Great Britain, which would mark a base for future negotiations. Read more…
GBP/USD forecast: The sterling pound could weaken due to the divergence of BOE and Fed policies
The GBP/USD was subjected to strong bearish pressure in the late American session on Wednesday and lost more than 0.5% in the day, erasing most of its weekly profits in the process.The pair remains defensive early on Thursday and is negotiated below 1,3300.
The US dollar (USD) gained strength in front of its rivals in the middle of the week, since the Federal Reserve (FED) adopted a cautious tone about policy flexibility after maintaining the policy rate at 4.25%-4.5%.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.
