EUR/USD 1.16054
-0.027%
Gold 5153.31
1.401%
Oil 88.540
13.887%
USD/JPY 157.902
0.224%
GBP/USD 1.33908
0.249%
GBP/JPY 211.448
0.490%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Israeli Defense Minister Katz warned the Lebanese government that it must disarm Hezbollah or it would "pay an extremely heavy price."On March 7, Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, emphasized at a plenary meeting of the delegation of the Peoples Liberation Army and the Armed Police Force to the Fourth Session of the 14th National Peoples Congress that in order to achieve the centenary goal of the Peoples Liberation Army and advance the modernization of national defense and the armed forces on schedule during the 15th Five-Year Plan period, it is essential to uphold, utilize, and develop the important magic weapon of building the military politically, unswervingly uphold and strengthen the Partys absolute leadership over the military, give full play to the unique advantages of building the military politically, and concentrate efforts to promote the steady and long-term modernization of national defense and the armed forces.On March 7, Pan Gongsheng, Governor of the Peoples Bank of China, responded to a question about whether a liquidity support mechanism for non-bank institutions would be introduced at the Zhejiang delegations residence, stating that it was "under study."According to the Islamic Republic of Iran Broadcasting (IRIB): Iran launched a new wave of missiles at US and Israeli targets.On March 7, Iraqi Border Force Commander Mohammed Sakhr issued a statement saying that Iraqs borders with all its neighbors are "secure and reliable, under strict security control," and he denied any infiltration or border crossing activities currently taking place in the countrys border regions. Sakhr reiterated that reports of Iraqi personnel infiltrating the Iranian border are untrue. The Iraqi border force commander maintains continuous coordination and communication with Iranian counterparts.

Prior to UK/US PMI, GBP/USD Justifies Monday's Bearish Doji to Drop to 1.2000

Alina Haynes

Feb 21, 2023 15:18

 GBP:USD.png

 

In the early hours of Tuesday morning, GBP/USD retests intraday lows at 1.2020 as traders celebrate the return of Western traders after a lengthy weekend owing to American holidays. In addition to the return of the entire market, the traders of the Cable pair express concern over the Brexit deal negotiations and worries regarding the trust of small industries.

 

Late on Monday, the UK Times claimed that British Ministers are willing to resign over (Prime Minister) Rishi Sunak's Brexit proposal if it undermines Northern Ireland's position inside the United Kingdom. The Times said that "the hostility of euroskeptic Tory lawmakers to the accord is rising."

 

In another article, The Times quotes a Barclay's industrial poll to show that small business owners are becoming more hopeful about the future. The same adds to evidence that the United Kingdom's economic outlook may not be as grim as feared and stated in the press.

 

Concerns of a monetary policy divergence between the Federal Reserve and the Bank of England (BoE) appear to be weighing on the GBP/USD exchange rate, as seen by the week's mixed British results and the robust American data.

 

Notwithstanding this, yields on 10-year U.S. Treasury notes are near their highest levels since early November 2022, with bids hanging around 3.86 percent.

 

Meanwhile, geopolitical concerns emanating from China and Russia appear to enhance the safe-haven demand for the US Dollar and weigh on the GBP/USD exchange rate.

 

The initial figures of the S&P Global PMIs for February will be crucial for GBP/USD traders. To stabilize prices, however, favorable news from the United Kingdom is essential, since recent US Treasury bond yield movements have favored the US Dollar ahead of the most critical US PMIs.


Suggestion