GBP/USD quotes around 1,3300, it goes from seven months maximum due to optimism in the USA.
The GBP/USD extended its losses during the Asian session on Wednesday, quoting around 1,3300 after going back a maximum of seven months of 1,3424 registered in the previous session. The pair weakened as the appetite of investors moved back to US assets, including the US dollar (USD), driven by a more optimistic tone of the US president, Donald Trump.
President Trump helped relieve market concerns by affirming his support for the president of the Federal Reserve (Fed), Jerome Powell, stating: “The press echoes things. No, I have no intention of saying goodbye. I would like to see it a little more active in terms of its idea of ​​reducing interest rates.” Read more…
GBP/USD weakens below 1,3300 while the US dollar rises
The GBP/USD pair remains weak about 1,3280 during the first Asian session on Wednesday. The comments of the US Treasury Secretary, Scott Besent, suggest a thaw in commercial tensions between the US and China, feeding the optimism in the markets and strengthening the US dollar (USD) compared to the sterling pound (GBP).
Scott Besent said Tuesday that he is waiting for a decala in the commercial war of the US president, Donald Trump, with China in the very close future. In addition, he affirmed that tariff staging with China cannot be sustained by both parties and that the two largest economies in the world will have to find ways of descaling. Read more…
GBP/USD decoced from annual maximum above 1.34 due to the turbulence of the Fed
The sterling pound (GBP) invests its course after reaching a daily maximum of 1,3423 due to concerns about the independence of the Federal Reserve (Fed), promoted by the hard comments of the president of the USA, Donald Trump, against the president of the FED, Jerome Powell. At the time of writing, the GBP/USD quotes at 1,3383, rising 0.17%.
Market participants continued to tell the comments of the Economic Advisor of the White House, Kevin Hassett, about the US president Donald Trump, looking for ways to dismiss Powell. This pushed the GBP/USD to re-stop the current peak of the year to date (YTD) before falling below 1,3400. 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.
