Online Forex broker
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 Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
On Friday, the UK currency managed to inch up notwithstanding worries over Brexit as well as the resignation of major statesmen in Prime Minister Theresa May’s cabinet…
On Thursday, the evergreen buck surged versus its counterparts because mostly bullish economic data managed to reaffirm investor hopes that the American economy is still on firm footing, while a dive in the UK currency also backed sentiment…
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
