The GBP/USD exchange rate was unchanged as traders waited for key statements and economic data from the UK and the US.
It also recoiled after the latest talks between Joe Biden and Kevin McCarthy on the debt limit issue.Economic data and Bailey's statement
President Joe Biden and Speaker Kevin McCarthy met on Monday and committed to not default. But divisions between the two parties remain substantially wide. While the two sides will likely reach an agreement later this month, the path to a deal will be long and difficult. It could also lead to more volatility in the market.
Economists expect the numbers to reveal that the services sector continued to outperform the manufacturing industry. In the two countries, manufacturing PMIs are expected to remain in a contraction area.
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 Forex Signal: Pound Sterling Poised to Move LowerThe GBP/USD pair rose slightly as the market watched the deliberations on the debt ceiling and the upcoming Federal Reserve minutes.
Read more »
GBP/USD: Weekly Forecast 21st May - 27th MayThe GBPUSD went into the weekend near the 1.23390 ratio, after suffering a rather incremental decline in value last week- Forex Trading
Read more »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, GBP/USD, USD/JPYThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade.
Read more »
Pairs in Focus This Week \u2013 AUD/USD, USD/JPY, GBP/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of May 21th, 2022 here.
Read more »
Trading Support and Resistance \u2013 EUR/USD, GBP/USDThis week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.
Read more »
UK’s Rightmove, BDO flash mixed signals for British economy, GBP/USD grinds higherUK’s Rightmove, BDO flash mixed signals for British economy, GBP/USD grinds higher – by anilpanchal7 UnitedKingdom SentimentPoll RiskAversion GBPUSD
Read more »