GBP/USD extends the rebound to new six -month maximum of about 1,3250 waiting for the United Kingdom CPI data
The GBP/USD pair continues its winning streak that began on April 8, quoting around 1,3250 during the Asian session on Wednesday. Earlier in the day, it played a new six months in 1,3256. The torque has maintained a strong impulse, driven by the improvement of the feeling of global risk after the announcement of the US president, Donald Trump, on exemptions for key technological products of his new “reciprocal” tariffs.
In the United Kingdom, labor market data showed on Tuesday that the unemployment rate remained stable at 4.4% in February, in line with expectations. However, salary growth remained robust, maintaining pressure on the Bank of England (BOE). Read more…
GBP/USD reaches a maximum of 6 months above 1,3200 while the markets avoid USD in the midst of tensions due to tariffs
The sterling pound (GBP) rose and renovated maximum six months against the US dollar (USD) on Tuesday, since the narrative of the financial markets remains linked to the tariffs imposed by the US. The cable dismissed the weak employment data of the United Kingdom (UK); Therefore, the GBP/USD rose 0.36% and is quoted at 1,3233.
The market mood remains positive, to the detriment of refuge currencies such as the dollar, which has depreciated more than 5.34% during the last three weeks, according to the dollar index (DXY). Read more…
The sterling pound exceeds its peers thanks to the solid employment data of the United Kingdom
The sterling pound (GBP) advances in front of its main peers, except the currencies of the antipodes, on Tuesday after the publication of the United Kingdom labor market (UK) for the three months that ended in February. The National Statistics Office (ONS) reported that the economy added 206K new workers, significantly more than the 144K registered in the three months that ended in January.
The agency reported that the ILO unemployment rate aligned with the estimates and the previous publication of 4.4%. The optimistic employment data scenario is favorable for the British currency. However, the participants of the financial market expect employers to slow down their hiring process due to an increase in contributions to social security schemes that will begin in April. 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.
