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Sterling rises against Majuro and from 28-month low against dollar

2019-07-31 05:07 pm | Resource: News | No Views : 29

 Sterling rises against Majuro and  from 28-month low against dollar

The pound was looking for a four-day losing streak on Wednesday against the dollar and the euro, both of which were under pressure in the run-up to the Fed's monetary policy decision today.

Poor economic data and slowing euro-zone inflation boosted signs of accelerating US activity that bets policymakers in Washington, who have already expressed their determination to cut interest rates, are being pushed down by their peers from the European Central Bank. US President Donald Trump has criticized the European Union for what he called illegal measures to improve the status of the trade bloc. The new Prime Minister of the United Kingdom, Boris Johnson, has asked parties in Northern Ireland today to redouble efforts to renew the power-sharing coalition, which could partly benefit from Britain's exit talks with the EU.

German and UK bonds rise as eurozone inflation slows

Sovereign stocks rose in Europe on Wednesday near the end of trading, leading to lower yields ahead of the Fed's monetary policy update. Germany's 10-year record hit a record high as mixed aggregate data at the domestic level against signs of a rebound in the US economy bet that the ECB will need to deepen stimulus measures and start the race down with its peers.

UK consumer confidence improved marginally and house price growth slowed in July. While Germany saw the biggest monthly jump in retail sales in nearly 18 years last month, consumer price inflation slowed to 1.1% this month from 1.3% and the core reading was only 0.9%, down 0.2 points from June.

Germany's two-year revenue fell 1.8 basis points to 0.771% below zero at 5:42 CET. The 10-year rate fell 3.7 points to 0.434 percent. The yield on 30-year bonds fell 5.3 points to 0.122%. Futures futures jumped 0.03%, 0.32% and 1.05%, respectively. British yields on debt in two years and thirty-three years fell 8.4 points to 0.425%, 2.4 to 0.613% and 3.8 points to 1.319%, respectively.

GBP Trades
  • The pound was 0.51% in the Green Zone at 6:47 pm Central Time at 1.22127 dollars after reaching 1.22505 dollars and erasing yesterday's losses, which reached a weak point since March 2017.
  • The euro was down 0.77% at £ 0.911.
  • The exchange rate rose by 0.52% to 132.65 and 0.5% to CHF 1.2093.


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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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