EUR/USD 1.16553
0.296%
Gold 4566.13
0.450%
Oil 102.011
1.023%
USD/JPY 158.849
0.052%
GBP/USD 1.34326
0.860%
GBP/JPY 213.374
0.910%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Musk: (Regarding the OpenAI verdict) The judge and jury never actually ruled on the merits of the case; they only ruled on a technical issue related to the schedule.Fitch Ratings: Despite ongoing uncertainty stemming from the Iranian conflict, the US leveraged funding market demonstrated broad resilience in April. The Iranian conflict continues to pose an upside risk to default expectations.May 19th - According to the Wall Street Journal, White House officials revealed that President Trump will preside over the swearing-in ceremony for incoming Federal Reserve Chairman Kevin Warsh at the White House on Friday. This ceremony underscores the importance Trump places on this appointment. Trump nominated Jerome Powell to head the Federal Reserve during his first term in 2018, and Powells swearing-in ceremony was held at the Federal Reserve, which Trump did not attend. The last Federal Reserve chairman to be sworn in at the White House was Alan Greenspan, who took office in 1987. Subsequent ceremonies have all been held at the Federal Reserve. The last president to attend such a ceremony was George W. Bush, who attended Ben Bernankes swearing-in ceremony in 2006. Later that year, Warsh was sworn in as a Federal Reserve Governor at the Eisenhower Executive Office Building, presided over by Vice President Dick Cheney. This Fridays swearing-in ceremony will conclude this unusually long transition at the top of the Federal Reserve hierarchy.On May 19, Iranian Supreme Leader Mojtaba Khameneis social media account reposted his first statement since taking office on May 18, reiterating his intention to consider opening new fronts in areas where the enemy is not adept. The statement said that research on opening other fronts has been completed, and that "the enemy has very little experience and is extremely vulnerable in these areas." The statement indicated that if the "state of war" continues, Iran will open these new fronts.The Dow Jones Industrial Average rose 159.95 points, or 0.32%, to close at 49,686.12 on Monday, May 18; the S&P 500 fell 5.45 points, or 0.07%, to close at 7,403.05 on Monday, May 18; and the Nasdaq Composite fell 134.41 points, or 0.51%, to close at 26,090.73 on Monday, May 18.

Prior to UK/US PMI, GBP/USD Justifies Monday's Bearish Doji to Drop to 1.2000

Alina Haynes

Feb 21, 2023 15:18

 GBP:USD.png

 

In the early hours of Tuesday morning, GBP/USD retests intraday lows at 1.2020 as traders celebrate the return of Western traders after a lengthy weekend owing to American holidays. In addition to the return of the entire market, the traders of the Cable pair express concern over the Brexit deal negotiations and worries regarding the trust of small industries.

 

Late on Monday, the UK Times claimed that British Ministers are willing to resign over (Prime Minister) Rishi Sunak's Brexit proposal if it undermines Northern Ireland's position inside the United Kingdom. The Times said that "the hostility of euroskeptic Tory lawmakers to the accord is rising."

 

In another article, The Times quotes a Barclay's industrial poll to show that small business owners are becoming more hopeful about the future. The same adds to evidence that the United Kingdom's economic outlook may not be as grim as feared and stated in the press.

 

Concerns of a monetary policy divergence between the Federal Reserve and the Bank of England (BoE) appear to be weighing on the GBP/USD exchange rate, as seen by the week's mixed British results and the robust American data.

 

Notwithstanding this, yields on 10-year U.S. Treasury notes are near their highest levels since early November 2022, with bids hanging around 3.86 percent.

 

Meanwhile, geopolitical concerns emanating from China and Russia appear to enhance the safe-haven demand for the US Dollar and weigh on the GBP/USD exchange rate.

 

The initial figures of the S&P Global PMIs for February will be crucial for GBP/USD traders. To stabilize prices, however, favorable news from the United Kingdom is essential, since recent US Treasury bond yield movements have favored the US Dollar ahead of the most critical US PMIs.


Suggestion