GBP/USD slips beneath 1.3300 as USD gains on Powell relief and trade optimism
The Pound Sterling (GBP) depreciates against the Greenback on Wednesday, yet slightly recovered after diving to four-day lows of 1.3230. Traders seemed relieved that US President Donald Trump, although angry with Federal Reserve (Fed) Chair Powell, is not looking to sack him. At the time of writing, GBP/USD trades were at 1.3289, down 0.28%. Read More…
Pound Sterling weakens against US Dollar after flash UK/US PMI data for April
The Pound Sterling (GBP) trades lower against the US Dollar (USD) around 1.3280 in Wednesday’s North American session. The GBP/USD pair weakens as the US Dollar (USD) attracts bids despite the release of the weaker-than-expected United States (US) S&P Global Purchasing Managers’ Index (PMI) data for April. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, recovers sharply to near 99.60. During European trading hours, the USD Index gave up initial gains and fell back to near 99.00. Read More…
UK Preliminary Services PMI contracts to 48.9 in April vs. 51.3 expected
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) eased to 44 in April from 44.9 in March. The data matched the market consensus of 44 in the reported period.Read More…
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can afford to take the high risk of losing your money.
XM
Forex trading and trading in other leveraged products involves a
significant level of risk and is not suitable for all investors.
Moneta Markets
Risk Warning: CFDs are complex instruments and come with a high risk of
losing money rapidly due to leverage. You should consider whether you understand how CFDs work and
whether you can afford to take the high risk of losing your money. Trading derivatives is risky. It
isn’t suitable for everyone; you could lose substantially more than your initial investment.
You don’t own or have rights to the underlying assets. Past performance is no indication of
future performance and tax laws are subject to change. The information on this website is general in
nature and doesn’t consider your personal objectives, financial circumstances, or needs.
Pepperstone
CFDs are complex instruments and come with a high risk of losing
money rapidly due to leverage. 81.4% of retail investor accounts lose money when trading CFDs
with this provider. You should consider whether you understand how CFDs work, and whether you
can afford to take the high risk of losing your money.
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