$GBPUSD Forecast: Pound stays vulnerable amid political jitters by eren_fxstreet forex trading
outlookBritish Prime Minister Boris Johnson has survived the no-confidence vote on Monday, albeit at a much smaller margin than expected. 148 MPs voted against Johnson, while 211 lawmakers voted in favour of him. Although another confidence vote shouldn't take place at least for another year, Sir Graham Brady, Chairman of the 1922 Committee, said that it was technically possible to change the rule on the grace period.
Commenting on the survey, "May data illustrate a worrying combination of slower growth and higher prices across the UK service sector," said Tim Moore, Economics Director at S&P Global Market Intelligence. "The latest round of input cost inflation was the steepest since this index began in July 1996."
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD finds support at the 61.8%, and much like the UK's PM, survives political MondayAt 1.2530, GBP/USD is starting out resting at hourly support on the Fibonacci scale, coming in close to the 61.8% golden ratio. This is following a sl
Read more »
Gold Price Forecast: XAU/USD stays pressured around $1,850 with eyes on US InflationGold Price (XAU/USD) licks US NFP-led wounds around mid-$1,800s during the initial Asian session on Monday, with eyes on this week’s US Consumer Price
Read more »
British Pound Latest: PM Johnson Will Face a Vote of No Confidence TodayUK Prime Minister Boris Johnson is facing a vote of no confidence from those within his party after the threshold of 15% of the party voted against the UK PM. Get your market update from nickcawley1 here:
Read more »
US Dollar Technical Outlook: USD/SGD, USD/IDR, USD/PHP, USD/THBThe US Dollar continues to see mixed performance against ASEAN currencies. What is the technical road ahead for USD/SGD, USD/IDR, USD/PHP and USD/THB? Get your market update from ddubrovskyFX here:
Read more »
GBP/USD to extend its losses towards 1.55 and possibly the 2013 low around 1.52 – ScotiabankGBP/CAD has dropped below support near 1.58. More softness lies ahead, economists at Scotiabank report. Additional weakness in GBP/CAD in the near-to-
Read more »
USD/CAD trims a part of intraday gains, downside seems limited amid sliding oil prices/modest USD strengthUSD/CAD trims a part of intraday gains, downside seems limited amid sliding oil prices/modest USD strength By HareshMenghani USDCAD Bonds Inflation Fed Currencies
Read more »