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On Friday, having grown to 1.3590, the currency pair GBP/USD pair faced a phase of consolidation because financial markets waited for the UK PM Theresa May’s speech for further direction.
The pair GBP/USD definitely stuck below the level of 1.3600.
The spot is still on the defensive. It’s because market participants simply shift to safety amid resuming North Korean geopolitical tensions.
Furthermore, the bulls would like to stay in a wait and watch mode ahead of the UK PM May’s decisive speech due to be delivered in Florence a bit later today.
Financial markets want some clarity on the Brexit strategy because the United Kingdom and the EU are still in a deadlock as for the Brexit divorce bill.
May’s statement will probably drive market sentiment behind the GBP. Apparently, any dismal statements could potentially push Cable back towards 1.3450 levels. If financial markets look for some clarity on May’s Brexit strategy, the spot could overleap 1.3650.
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
On Monday, the Japanese yen managed to rally versus the evergreen buck due to the fact that market participants digested the latest signs of a deceleration in China after data showing a dive in fourth quarter surge…
On Friday, the evergreen buck was nearly intact in Asia having traded a bit higher earlier in the day in the face of upbeat mood of progress in China-US trade negotiations…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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