GBP falls against the US dollar before Flash US PMI data

The British pound fell against the US dollar before Flash US PMI data

The British pound (GBP) fell after the deployment of a new two -month rise near 1.2680 against the US dollar in European trading hours on Friday. GBP/USD pair surrenders gains inside the day and turns into negative as the US dollar is bounced. The US dollar index (DXY), which tracks the value of Greenback compared to six main currencies, rises to approximately 106.65 of its lowest level from the year to the date of about 106.30, which was published on Thursday.

On Thursday, Greenback retreated with risk shrinking, as investors expected this US (The United States) President Donald Trump’s agenda will not create a great slowdown in the global economy. Read more …

GBP/USD expectations: The expectations close to the duration are still rising despite the mixed UK data

GBP/USD corrects less and trades near the 1.2650 region in the European session on Friday, After setting a new height for two months at 1.2678 earlier in the day. Despite the recent decline, the technical expectations of the husband indicate that the bullish bias is still intact.

On Thursday, the widespread sales pressure surrounding the US dollar (USD) GBP/USD helped at a higher altitude. The disappointing emotional claims and the reliability of US Treasury bonds are on the US dollar. Read more …