GBPUSD rose by 19:48 GMT by 1.1% to 1.3248, and the day’s high was recorded at 1.3249 and the lowest price was at 1.3097.
Today, post-Brexit talks between United Kingdom and Brussels were resumed, with hope of reaching a trade agreement between two parties next month.
The chief European negotiator, Michel Barnier, will meet with his British counterpart, David Frost, in seventh round of “Brexit” talks between London and Brussels.
United Kingdom has ruled out extending deadline for “Brexit” talks in the transitional period beyond next December in order to reach an agreement.
While hopes are resting on ongoing talks between two sides for successive rounds, there are still deep differences over rules of competition, fishing rights, how to activate potential agreement and its entry into force, as well as implementation of its provisions.
GBPUSD continues its raising
USD fell against most of the major currencies during trading on Tuesday, extending bleeding of sharp losses ahead of release of Federal Reserve meeting minutes.
Data in US showed that building permits – which hint at more activity in US housing market – recorded 1.50 million permits last month, compared to expectations of 1.33 million permits.
Tomorrow, Wednesday, Federal Reserve will release the minutes of its meeting that took place in late July, and investors are waiting for indications about discussions that took place behind closed doors at Central Bank to determine the features of monetary policy in light of continuing crisis of Coronavirus.
For his part, potential Democratic candidate for US presidential elections, “Joe Biden,” pledged to restore his kidnapped country from current president, “Donald Trump” – as he described it – and to restore its global leadership.
In terms of trading, the dollar index fell (against a basket of major currencies) by 17:58 GMT, by 0.6% to 92.3 points, and recorded the highest level at 92.8 points and the lowest level at 92.1 points.
プロのトレーダー兼アナリスト、2004 年から金融および外国為替市場のエコノミスト。エジプトのアメリカン大学で MBA を取得。モハメッドは、多くの国際外国為替および金融取引会社で経済ライターおよびテクニカルおよびファンダメンタルズアナリストとして、英語とアラビア語の両方で日々働いています。