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The Fed’s hawkish interest rate hike stance, coupled with strong U.S. labor demand, led to a strong dollar that hit a 20-year high yesterday. On the other hand, the pound is under pressure as the United Kingdom faces a rapidly deteriorating cost of living crisis due to the energy crisis triggered by the Russian-Ukrainian war and soaring food prices. Economic weakness and political paralysis in United Kingdom are expected to continue to push the pound to a new low record, GBPUSD also continued its downward trend. Pay attention to the August unemployment rate and Non-Farm Payroll which will be released by the United States tonight!
The trend of the GBPUSD can be paid attention to…
-Latest news on the Russian-Ukrainian war
-20:30 US Unemployment Rate (August)
-20:30 US Non-Farm Payroll (August)
Which will influence the trend of GBPUSD, investors must grasp the timing of placing orders.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.