EUR/GBP

What To Expect On GBP EUR USD – Recovery Expectations



According to NEW YORK (Reuters) – Sterling climbed to a six-week high on Tuesday, boosting risk sentiment after Rishi Sunak was elected prime minister of Britain, while the dollar dropped to a three-week low as poor U.S. economic data lowered expectations on the rate of future rate hikes.

On Tuesday, Rishi Sunak was elected as Britain’s third prime minister in 2 months, tasked with the responsibility of solving a political party breakdown and growing economic crisis.

Sterling climbed to its highest point since September 15 and was last up 1.66% at $1.147, but currency analysts predict that the pound’s rise will be temporary.

The U.S. dollar was generally weaker with indications that the world’s largest economy is slowing down due to Federal Reserve rate hikes. Data revealed that U.S. home prices dropped, as rising mortgage rates restricted demand, sending the dollar into negative territory.
___________________________________________________________________
___________________________________________________________________
JOIN OUR TELEGRAM CHANNEL:👉🏻 https://t.me/h1zforex ___________________________________________________________________
___________________________________________________________________

🔰🔰🔰 REFERRAL LINKS 🔰🔰🔰 👇🏻REGISTER VIA THE LINK BELOW👇🏻

1️⃣ FTX: 👇🏻
REF LINK: https://ftx.com/referrals#a=H1zGroup
REF ID: H1zGroup

1️⃣ Binance: 👇🏻
REF LINK: https://accounts.binance.com/en/regis
REF ID: 35899461

1️⃣ ByBit: 👇🏻
REF LINK: https://www.bybit.com/en-US/invite?ref=P20ZNQ
REF ID: P20ZNQ

___________________________________________________________________
___________________________________________________________________
Disclaimer:
I am not an investment/financial advisor or broker. Everything shared here is solely my personal experience and opinion. This video is for entertainment purpose only. It is not a financial advice and is not an endorsement of any provider, product or service. All trading and investment involves risk and you should always do your due diligence before taking the step. The links above include affiliate or referral commissions however is of no extra cost to you.

#gbpusd #britai #forex

source

Related Articles

One Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button