GBP/USD slides below 1,3300 while the USD wins for Powell’s relief and commercial optimism
The sterling pound (GBP) depreciates against the dollar on Wednesday, although it recovered slightly after falling to a minimum of four days of 1,3230. The operators seemed relieved that US President Donald Trump, although angry with the president of the Federal Reserve (Fed), Powell, is not looking to say goodbye. At the time of writing, the GBP/USD operations were at 1,3289, lowering 0.28%. Read more…
The sterling pound weakens against the US dollar after the preliminary data of the United Kingdom PMI and the US of April
The sterling pound (GBP) quotes downwards against the US dollar (USD) around 1,3280 in the American session on Wednesday. The GBP/USD torque weakens as the US dollar (USD) attracts offers despite the publication of the data of the Purchase Management Index (PMI) of the US Global S&P that were weaker than expected for April. The US dollar index (DXY), which tracks the value of the dollar against six main currencies, is abruptly recovered to about 99.60. During European negotiation hours, the USD index gave initial profits and fell back to about 99.00. Read more…
The preliminary PMI of services of the United Kingdom contracts at 48.9 in April compared to the 51.3 expected
The purchasing managers index (PMI) of the United Kingdom’s manufacturing seasonally adjusted from S&P global/Cips was reduced to 44 in April from 44.9 in March. The data coincided with the market consensus of 44 in the informed period. 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.
