GBP/USD rises with poor US data for data that feed on the bets
GBP/USD rises with poor US data for data that feed on the bets
The British pound (GBP) extended its gains against the US dollar (USD) on Wednesday, where the participants in the last market were punished. Market participants in facilitating an additional monetary policy by the Federal Reserve (Fed). The US data (the United States) shows that the economy weakens, as companies and consumers turn into pessimistic, and most of them are commercial policies. GBP/USD is trading at 1.2864, an increase of more than 0.55 %. Read more …
The pound sterling strengthens against the US dollar, where US employment ADP misses estimates
The pound sterling (GBP) jumps to approximately 1.2850 against the US dollar (US dollar) in the trading hours in North America on Wednesday, the highest level seen since November 12. GBP/USD pair extends to his winning plan for the third trading day due to the continuous performance of the US dollar. The US dollar index (DXY), which tracks the value of Greenback for six main currencies, is declining to approximately 105.00. Read more …