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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.
Daily Focus allows you to understand the GBPUSD markets, increase profit opportunities, and immediately seize the opportunities.
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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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