GBP/USD stayed down near 1.32 in the middle of as trade wars and Brexit concerns. The UK government managed to overcome yet another vote in parliament on the Brexit bill. Brexit headlines from the weekend will likely weigh on Sterling at the weekly opening, as more than 100,000 people marched through London to demand a fresh vote on the terms of the Brexit deal. PM May was urged by MPs to prepare a "no-deal" plan – suggesting that the chances for a hard Brexit are still real.
There is no fundamental news for GBP on Monday. However the week has a lot of action on Thursday and Friday, the main event being EU Summit on Thursday and Friday where key issues on Brexit will be discussed and an (unlikely) agreement is expected, failure to which would weigh on Pound.
Major events on 25th June:
(All times are GMT)
UK still likely to leave the EU with a negotiated agreement, says Number 10
Sentix Investors Confidence rose to 14.7 in August
German factory orders -4.0% seasonally adjusted on the previous month
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
Forex Web News is part of Rolling Capital Network providing financial consulting.
Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.
Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.
All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.
We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.
Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.