About 9.5% of daily trades. Referred to as “Cable,” it’s volatile but widely traded due to the strength of the UK and U.S. economies
The U.S. dollar gains ground amid rising tariff tensions and risk-off mood, putting pressure on EUR/USD, GBP/USD, USD/CAD & USD/JPY. Dollar strength fueled by hawkish Fed, global growth worries & safe-haven demand. Traders eye key supports & resistances. #Forex #USD #EURUSD #GBPUSD #USDCAD #USDJPY
Credit: Vladimir Zernov, FXEmpire
GBP/USD keeps sliding, breaking key supports below 1.2700 amid strong USD, weak UK data, and shifting BOE rate expectations. Risk aversion & political uncertainty add fuel to this bearish run. Watch for further downside potential. #forex #GBPUSD #USD #BOE #FXtrading
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US Dollar surged sharply as Trump’s August 1 tariff announcement on $300B Chinese imports rattled global forex markets. Risk-off flows boosted USD, pushing EUR/USD lower and adding pressure on GBP/USD amid trade tensions & global uncertainty. Stay tuned! #Forex #USD #GBPUSD
Pound slips as US-China tariff deadline nears, fueling risk-off sentiment and boosting the dollar. Brexit uncertainties and mixed UK data add pressure on GBP, while investors seek safety. Watch GBP/USD closely this week for more volatility. #forex #GBPUSD
