LIVE FOREX CHART >>

 


Author Topic: Pound Up on Hopes for Easier Brexit Path  (Read 131 times)

FXshooting

  • Administrator
  • Hero Member
  • *****
  • Posts: 1785
    • View Profile
Pound Up on Hopes for Easier Brexit Path
« on: September 08, 2018, 09:39:12 am »
Pound Up on Hopes for Easier Brexit Path

The Pound Sterling crawled higher during Thursday's trading session in London but is still far off yesterday's session peak. As usual, Brexit worries have contained any possible gains even as trade war concerns have suppressed investors' risk appetite. On Wednesday, it was reported that both the British and Germany governments had agreed to abandon specific Brexit-related demands which could now make the path toward a soft Brexit significantly improved. That helped to push the Pound to a 3-day peak though later news out of Germany, that every scenario including a no-deal Brexit, was being considered kept the Pound from advancing further.

As reported at 11;23 am (BST) in London, the GBP/USD was trading at $1.2933, up 0.22%, well away from the $1.2983 struck yesterday; the pair has ranged from a trough of $1.2897 to a peak of $1.2945. The EUR/GBP was trading at 0.8987 Pence, down 0.27% and just off the session low of 0.8982 Pence while the high is recorded at 0.9019 Pence.

Trade War Worries Grow
Trade war worries put a dent in risk sentiment after the US President threatened Beijing with more tariffs on imports from China. The Chinese government responded in kind, saying retaliation would be necessary if the US did implement any new trade restrictions. The USD/JPY was trading at 111.2900 Yen, down 0.22% and off the session peak of 111.5300 Yen.



Ref. www.dailyforex.com/forex-news/2018/09/pound-up-on-hopes-for-easier-brexit-path-sept-6-2018/102583


https://www.fxshooting.com
« Last Edit: September 08, 2018, 09:54:44 am by FXshooting »

Share on Facebook Share on Twitter Share on Google+


 







Pay For Premium Forex Signals FXSHOOTING

Payment Premium Signals

 



NEWS & ANALYSIS VIDEO



 










InstaForex



   


Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in cryptocurrencies carries with it potential risks. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Cryptocurrencies are not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), Forex and cryptocurrencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.