The currency pair GBP/USD trims revenues after mixed British data

The currency pair GBP/USD trims revenues after mixed British data

On Wednesday, the British pound trimmed profits versus the American dollar, after the publication of mixed British data, while market sentiment on the greenback was still fragile ahead of the Fed’s highly-anticipated interest rate verdict.

The currency pair GBP/USD rebounded from 1.2797 during European morning trade, which is the pair’s highest outcome since June 9.

Cable was about to obtain support at 1.2639, which is Tuesday’s minimum and resistance at 1.2853, which is the peak of May 29.

According to the UK Office for National Statistics, unemployment rate stood still at 4.6% in April, which is in line with hopes and at its lowest value since 1975.

In May, the claimant count soared by 7,300 in May, compared to hopes for a revenue of 20,300 people.

Besides this, the report also disclosed that the average earnings index inched up by 2.1% in the three months, thus missing predictions for a 2.4% soar.

Similar

Latest news

Greenback edges down

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…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera