British Pounds on The Rise As USD Surges


Although GBP/USD remains in a downtrend and USD continues to surge higher, British pounds start the week on a roll as it was boosted in Asia while risk bias follows from the positive take from Wall Street continues.  It was supported today ahead of CPI data tomorrow.

There is so much anticipation against the CPI that tomorrow is expected to follow the Bloomberg survey at 9.1% annually. The Bank of England is scheduled to meet on the 4th of August to decide on rate hikes, which inflation data can influence.

APAC equities increased, session seeing all the major stock indices win. Joining APAC, Hong Kong’s Hang Seng Index (HSI) climbed over 2.5% on the back of possible stimulus being flagged in China. US equity futures leans towards positivity.

The commodity market moves higher, taking associated currencies on a ride. The West Texas Intermediate crude oil futures contract is trading just about US$ 98 bbl and the Brent contract near $ 102 bbl; gold is hovering around US$ 1716 an ounce at the time of going to print.

The associated currencies are AUD, CAD, NOK, and NZD.

The markets await Canadian housing starts, and the US Treasury International Capital (TIC) data is set to be released.

US bank earnings will also be watched this week as questions are worried about whether GBP/USD will continue to follow the bearish momentum.

This Post Has 6 Comments

  1. Mckinley

    I have been surfing online greater than three hours these days, but I never found any interesting article like yours. It is beautiful worth sufficient for me. Personally, if all web owners and bloggers made just right content material as you probably did, the web will be a lot more helpful than ever before!

  2. Allene

    I’ll right away clutch your rss feed as I can’t find your email subscription link or newsletter service. Do you have any? Please let me understand so that I could subscribe. Thanks!

  3. all escape rooms

    Good day! Do you know if they make any plugins to assist with SEO?

    I’m trying to get my blog to rank for some targeted keywords but I’m not
    seeing very good results. If you know of any please share.
    Kudos! You can read similar article here: Choose escape room

  4. Backlink Building

    Good day! Do you know if they make any plugins to help with
    SEO? I’m trying to get my site to rank for some targeted keywords but I’m not seeing very
    good gains. If you know of any please share. Thanks!

    I saw similar text here: Scrapebox List

  5. dobry sklep

    Wow, superb blog layout! How long have you been running a blog for?
    you make blogging look easy. The entire glance of your site is
    great, let alone the content! You can see similar here najlepszy sklep

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.