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Sunak Regains UK Confidence, What Will Happen To GBPUSD Trends?

Don’t miss the opportunity to make a profit, check the trends in GBPUSD now>>

Although the new British Prime Minister, Sunak vowed to lead the United Kingdom through the economic crisis, resulting in a rebound in the GBPUSD. Coupled with the cooling of the Fed’s interest rate hike expectations, the dollar weakens and support Pound. However, energy prices keep rising sharply, British economic crisis persisted. The foreign exchange analysts estimated that the rebound in the pound may only be short-lived. For more trends, please pay attention to future British financial plans and the rate hike by the Bank of England.

The trend of the GBPUSD can be paid attention to…

-Latest news on the Russian-Ukrainian war
-20:30 US Unemployment Claims for the week ending 10/22
-20:30 Real GDP in the third quarter of the United States (Initial)
-20:30 US Core PCE Price Index (YoY) (September)
-22:00 Michigan Consumer Sentiment Index (Final) (October)
Which will influence the trend of GBPUSD, investors must grasp the timing of placing orders.
Daily Focus allows you to understand the GBPUSD markets, increase profit opportunities, and immediately seize the opportunities.

How to trade GBPUSD on HXFX?

1. First, click here to register an HXFX account for free.
2. Next, download the APP and log in to complete the real-name authentication.
3. Contact customer service to receive your exclusive free trial bonus.
4. Click “Quote”, select “GBPUSD” and click “Trade”. After the quotation page is displayed, you can click “Sell” or “Buy” to trade the product according to the trends.

5 Advantages of Foreign Exchange Trading

1. Leverage system
Investing a small amount of money will bring greater benefits, but may also bring greater risk of loss.
2. Low transaction costs
There are basically no handling fees, government taxes, etc.
3. Two-way transaction
Whether you are buying first and then selling in a bullish trend, or selling first and then buying in a bearish trend, you can get profit.
4. 24 hours trading
It is available in 24 Hours, investors can trade according to their own time.
5. High liquidity
In the foreign exchange market, investors could exchange foreign currency at any time, even complete their transactions in a short time.

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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.

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