Pound Outperforms USD as Trump Backs Immediate Rate Cuts
The British Pound (GBP) jumps above 1.2400 against the US Dollar (USD) on Friday. GBP/USD gains as the US Dollar is about to end the week with the biggest losses in almost two months. The US Dollar Index (DXY), which tracks the value of the Dollar against six major currencies, falls near 107.60, the lowest level in more than a month after the President of the United States (US), Donald Trump will point out the need for immediate interest rate cuts by the Federal Reserve (Fed) in his remarks at the World Economic Forum (WEF) on Thursday. Read More…
GBP/USD rises near 1.2400 as Trump calls on Fed to cut rates
GBP/USD extends its gains for the second day in a row, trading around 1.2400 during Asian hours on Friday. The pair’s rise could be attributed to US President Donald Trump’s comments on Thursday night. Read More…
GBP/USD holds near familiar levels ahead of Friday’s PMI data
GBP/USD held near the 1.3550 level on Thursday as Cable traders functionally ignored a thin economic calendar and lack of meaningful information to push the pair decisively in either direction. Headlines from US President Donald Trump dominated most traders’ news feeds, but the impact on the broader market remains limited as Trump struggles to pick an overall target. 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.
