GBP/USD Records New Session Lows as USD Increases in Value
Login

GBP/USD Records New Session Lows as USD Increases in Value

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


GBP/USD fell by 0.22 percent, which means that the pair dipped from 1.3064 price level to 1.3025 price level. The US Dollar particularly became more valuable during this festival period (Easter Monday), and with lots of catalysts such as economic data, Central Bank feelings, and the ongoing Russia-Ukraine struggle.

At the same time, traders and investors will be focusing on the Fed speak. The President of the Federal Reserve (St. Louis) and James Bullard’s (a member of the Federal Open Market Committee) speeches will be anticipated to give more understanding about the probable money policy that will be adopted by the Federal Reserve System. Nonetheless, the main event is Jerome Powell’s speech (Fed Chair) which will come up later in this week.

money 3125419 640

Opinions and Likely Catalysts
An analysis from TD security elaborated that they believe that The Federal Reserve is in synchronization with the action towards the region of neutrality by the end of this year, and the Fed Governor supported this view recently. The comments of Jerome Powell during an International Monetary Fund panel on the world economy will be attracting lots of attention said the TD Securities analyst.

The analyst also added that as the Federal Reserve is hinting at attaining a neutral position by the end of this year and commencing a violent Quarter rule, there has been little movement out of the gold market because players are excited to keep some optionality in opposition to the said Federal Reserve plan amid increasing worries.

At the same time, the Bank of England is being dovish going by the interest rate which they delivered last month (March) due to worries about the growth outlook. However, if inflation should become stronger than anticipated during the coming weeks, this could push for more decisive action.

You can purchase Lucky Block her: Buy LBlock

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News