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Weekly expectations
The pound sterling (GBP) has wiped the weekly gains against the US dollar (USD) yet GBP/USD pair Violation supported 1.3290.
The downtown momentum around the GBP/USD pair recovered traction in the second half of the week with the demand for the US dollar after a weak start. Read more …
GBP/USD trades with a negative bias less than 1.3300 amid modest USD power
The GBP/USD pair begins the new week with a weaker note and reflects part of the modest recovery on Friday from the 1.3200 sign, or more than three weeks. Reporting prices are traded around the 1.3280-1.3275 region during the Asian session, a decrease of 0.20 % for this day in the large-scale US dollar (USD).
The United States announced on Sunday that a trade deal with China had been reached after high -risk trade talks in Switzerland during the weekend. This, in turn, helps to reduce the market concerns about the recession in the United States. In addition, the seminar stops in the Federal Reserve (Fed) earlier this month the US dollar for more than one month, which in turn puts pressure on the GBP/USD pair. Read more …
