GBPUSD is raising after unexpected US economic data
Last Updated on August 14, 2020
GBPUSD rose during trading today, Friday, in light of the uncertainty about global economy due to the continuing of “Coronavirus” crisis.
Russian President “Vladimir Putin” announced earlier this week that it had registered first vaccine in the world to prevent Coronavirus, but countries led by United States questioned its effectiveness and safety of use.
European Union signed a deal to buy 400 million doses from British biotechnology company “AstraZeneca”, a promising vaccine developed by the company in cooperation with University of “Oxford”.
It is reported that British Prime Minister “Boris Johnson” has warned that several European countries are vulnerable to a second wave of Coronvirus.
In terms of trading, GBPUSD rose by 18:53 GMT by 0.2% to 1.3091, and the British currency recorded its highest price today counterpart at 1.3143, while the lowest price was recorded at 1.3048.
GBPUSD is increasing after US retail sales data
USD retreated against most of major currencies during trading today, Friday, following release of economic data below expectations, and kept its losses in light of continued failure to reach an agreement between Congress leaders regarding the second stimulus package to face repercussions of Coronavirus crisis.
Government data revealed that US retail sales index rose by 1.2% in July, below expectations ratio at 2% compared to a rise of 8.4% in June.
Negotiation continues in USA about incentive package
Leaders of Democrats and Republicans in US Congress continue their discussions in order to pass second package of incentives to confront Coronavirus consequences and severe economic damage in United States.
In terms of trading, dollar index fell (against a number of major currencies) by 18:04 GMT by 0.2% to 93.1 points, and recorded highest level at 93.4 points, while lowest level was recorded at 93.02 points.
- Bitcoin is falling hard to lose about 12%, to trade above $30,000 - January 21, 2021
- Gold prices rise for the third session based on the dollar’s decline - January 20, 2021
- EURUSD rises as “Janet Yellen” testimony awaits - January 19, 2021
Relevant news
Bitcoin is falling hard to lose about 12%, to trade above $30,000
Bitcoin plunged strongly today, Thursday, to lose about 12% of its value, surpassing critical support…
GBP/USD Tests Resistance Near 1.3700 Amid Rising Inflation in the UK
GBP/USD Outlook: 21st January 2021 United Kingdom - Consumer Price Index On Wednesday, at GMT…
Gold prices rise for the third session based on the dollar’s decline
Gold Prices Outlook: 22nd January 2021 Gold prices rose during today's session in the European…
EURUSD rises as “Janet Yellen” testimony awaits
EURUSD rebounded in Tuesday morning trading in the European market, to trade above its lowest…
Gold prices are rising thanks to the US financial stimulus
Gold Prices Outlook: 18th January 2021 Gold prices rose during online trading today, Monday, with…
Gold prices rise thanks to the US fiscal stimulus
Gold Prices Outlook: 15th January 2021 Gold prices rose during Friday's trading in the European…