The sterling pound (GBP) remains stable, negotiating below 1.30 and also showing a notable relative resilience in an environment of trade aversion related to trade, says Shaun Osborne, head of Strategy of FX de Scotiabank.
PM Starmer conversations with Trump seem to be ‘productive’
“Second category data publications offer little in terms of foundations, and this week’s final PMIs are expected to confirm the contraction (below 50) in manufacturing and a modest growth in services (53.2) offered in the preliminaries. The PM Starmer held ‘productive’ conversations in commerce with President Trump during the weekend.”
“GBP is negotiating slightly below the closure of Friday and is consolidating silently in the middle of its recent range, approximately limited between the upper area of 1.28 and 1.30. The momentum continues to weaken as the RSI moves towards neutral levels (50) after its recent impulse at overcompricated levels around 70.”
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.
