GBP/USD expectations: Pound Sterling is struggling to attract buyers
GBP/USD remains on the back foot after a recovery on Thursday and trading slightly less than 1.3300 in the European session on Friday. The power of the renewed US dollar (USD) makes it difficult for the husband to hold on, as investors continue to focus on the latest developments surrounding the trade relations between the United States of China.
US President Donald Trump said late on Thursday that a meeting between Chinese and American officials took place earlier in the day. During the Asian trading hours, Bloomberg stated that China was considering suspending a 125 % tariff on some American imports, including medical equipment and ethane, and officials were conducting discussions about the waiver of customs tariffs in rental contracts. Read more …
GBP/USD expectations: The pound sterling can be a decrease if support fails 1.3250
GBP/USD extended its decrease to a second consecutive day on Wednesday and recorded the slightest closing per day near 1.3250. The husband holds his land early on Thursday and recovering about 1,3300.
The data of the disappointing purchasing managers (PMI) from the United Kingdom, which showed a contraction in the business activity of the private sector in April, weakened the British pound against its competitors during European trading hours on Wednesday. Later in the day, the US dollar (USD) benefited from the increasing optimism about reducing tensions between China and the United States, causing the husband to decline. Read more …
