The weakest GBP/USD where the US dollar is strengthened with optimistic files from Trump
GBP/USD trading less than 1.3300, declining from its highest levels in seven months due to optimism
GBP/USD extended its losses during the Asian session on Wednesday, and traded about 1.3300 after retreating from the highest level in seven months at 1.3424 registered in the previous session. The weakest couple when the investor’s appetite turned towards American assets, including the US dollar (USD), supported by a more optimistic tone of US President Donald Trump.
President Trump helped alleviate the market concerns by emphasizing his support for the President of the Federal Reserve, Jerome Powell, saying: “The press gets away from things. Read more …
GBP/USD weakens less than 1.3300 with the US dollar’s rise
GBP/USD pair remains weak near 1.3280 during the early Asian session on Wednesday. Comments from US Treasury Secretary Scott Besent a hint of ice melting in trade tensions between the United States of China, feeding optimism in the markets and strengthening the US dollar (USD) against the pound sterling (GBP).
Scott Beesen said on Tuesday that he expects a trade war for US President Donald Trump with China in the very near future. He also mentioned that facing the customs tariff with China cannot continue by both sides and that the world’s largest economists will have to find ways to escalate. Read more …
GBP/USD from YTD High Prevered 1.34 falls on federal reserve disorders
The pound (GBP) reflects its path after its arrival at the highest daily level of 1.3423 due to fears of the Federal Reserve Independence (Fed), which was paid by the US President (United States) Donald Trump to the President of the Federal Reserve, Jerome Powell. At the time of this report, GBP/USD is traded at 1.3383, an increase of 0.17 %.
The market participants continued to digest the comments of the White House economic advisor Kevin Haysit about US President Donald Trump looking for ways to overthrow Powell. This GBP/USD pushed to re -test the peak of the year to the current date (YTD) before it decreases to less than 1.3400. Read more …
