GBP/USD is pushing towards the 1.4000 mark ahead of key comments from Fed’s Powell.
Diffusion of UK/US trade tension is likely helping sterling.
While markets for the most part remain in wait-and-see mode ahead of remarks from the Chairman of the Federal Reserve Jerome Powell at 17:05GMT, GBP/USD is an exception, with the pair pushing on towards the 1.4000 level and eyeing a test of Wednesday’s highs at 1.4006. On the day, the pair trades with gains of about 0.3% or about 45 pips.
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Diffusion of UK/US trade tension is likely helping sterling.
While markets for the most part remain in wait-and-see mode ahead of remarks from the Chairman of the Federal Reserve Jerome Powell at 17:05GMT, GBP/USD is an exception, with the pair pushing on towards the 1.4000 level and eyeing a test of Wednesday’s highs at 1.4006. On the day, the pair trades with gains of about 0.3% or about 45 pips.
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