GBP/USD descends below 1,3450 before Ramsden Del Boe speech
The GBP/USD torque attracts some sellers about 1,3425 during the first hours of negotiation in Asia on Tuesday, pressured by a modest rebound of the US dollar (USD). Investors expect a speech by the Bank of England (BOE) Dave Ramsden to obtain a new impulse.
The dollar is strengthened against the sterling pound (GBP) as the fears of commercial tensions decrease. China exempt some US imports from its 125% tariffs on Friday, which increases the hopes that the commercial war between the US and China is close to its end, although China quickly denied the statement of US President Donald Trump that commercial conversations between the two countries were underway. Read more…
GBP/USD is recovered and remains about 1,3400 in the midst of the US dollar weakness
The sterling pound begins the week with a positive trend, ready to end April with force, rising 0.65% as the dollar continues to weaken and the appetite for the risk improves. At the time of writing, the GBP/USD quotes about 1,3400 after bouncing from daily minimums of 1,3279.
Wall Street quotes with profits, a wind against for appetite for refuge assets such as the US dollar. A low economic agenda in the US and Federal Reserve officials entering the period of silence before the May meeting keep the operators inclined towards the publication of data from the United Kingdom. The CBI in the United Kingdom revealed that retail sales in April were negative, but improved from -41 in March to -8, its highest reading from October. 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.
