Don’t miss the opportunity to make a profit, check the trends in GBPUSD now>>
Federal Reserve officials said on Thursday that they will continue to raise interest rates to curb high inflation, but they will carefully discuss the level of interest rate hikes, so as not to accelerate an economic recession. Coupled with an upbeat US labor data performance, boosting the dollar, GBPUSD fell under pressure. In addition, with global inflation soaring, the UK consumer confidence index hit a record low in August, weighing on the pound. Although the UK retail sales data which is released just now was better than expected, high inflation and recessionary concerns in the UK persist, coupled with the Fed’s firm hawkish stance, the bearish trend in GBPUSD is likely to continue.
The trend of the GBPUSD can be paid attention to…
-Latest news on the Russian-Ukrainian war
8/23
-16:30 UK Manufacturing & Services PMI (August)
-21:45 US Markit Manufacturing & Services PMI Initial Value (August)
8/24
-20:30 US Durable Goods Orders (MoM) (July)
-22:00 US Existing Home Contracted Sales Index (MoM) (July)
8/25
-20:30 US Unemployment Claims for the week ending 8/20
8/26
-20:30 US Core PCE Price Index (YoY) (July)
-22:00 University of Michigan Consumer Confidence Index Final Value (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.
For more investment knowledge and the latest market
Follow us on HXFX Global fan page
Facebook:
Malaysia>>
Philippines>>
Helping you become an investor master more easily!!
Get Free Trial Bonus, Free Experience Investment! The Journey Of Investing From Scratch.
Register for free at HXFX and get a free trial bonus to experience investment immediately! It’s easy and stress-free, you can withdraw your profits from trading! Professional analysts provide the latest market strategies every day and the daily investment tutorial that you can understand at a glances, all support you from 0 basics to investment experts!
Seats are limited, click me to get the free trial bonus now, let’s start your investment journey>>
Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.
Leave a Reply