-
GBP/USD rises to four-week high, anticipates BoE and Fed policy divergence
GBP/USD climbed to a new four-week high at 1.2590 on Friday. However, it dipped toward the 1.2570s area after a softer-than-estimated Canadian jobs report cemented the case for a Federal Reserve skip in the upcoming monetary policy meeting. The GBP/USD is trading at 1.2576, up 0.14%, set to finish the week with gains of more than 1%. Market sentiment is upbeat and pressures safe-haven peers, meaning the US Dollar (USD) trades soft. That, alongside central banks’ divergence between the US Federal Reserve (Fed) and the Bank of England (BoE), favors the Pound Sterling (GBP), with the GBP/USD bouncing from weekly lows ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 9, 2023 3:22pm Jun 9, 2023 3:22pm
- Ferna
- Joined Dec 2022 | Status: Member | 457 Comments
Equality will be the next big thing in trading
- Comment #2
- Quote
- Jun 9, 2023 7:11pm Jun 9, 2023 7:11pm
- samdani786
- | Commercial Member | Joined Feb 2008 | 221 Comments
New Website-: elliottwavemaster.com