xysoom
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Joined: 26 May 2020
Location: China
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Posts: 64
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| Posted: 12 June 2020 at 08:40 | IP Logged
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GBP/USD Will See More Volatile Market Trend
If Britain and the EU fail to make some progress in the
two rounds of week-long trade negotiations,scheduled on
May 11th and June 1st respectively, it will have some
noticeable impact on the pounds fluctuation before mid-
2020.To get more news about
ALIFOREX, you can visit wikifx news official
website.
ĦĦĦĦAfter a month of jittering in March, April has been
rather peaceful for the pound. GBP/USD once plunged to a
35-year low of 1.1413 in March, while GBP/EUR also fell
to 1.0527, a record low in 11 years. But both pairs have
experienced some rally afterwards.
ĦĦĦĦThe EU-Britain negotiation regarding new trade
measures introduced since January 1st has recently come
to a deadlock. June 30th will be the deadline for
extending the negotiation, yet the British Prime Minister
Boris Johnson has repeatedly emphasized that an extension
is unlikely to take place.
ĦĦĦĦLatest statistics from CFTC show that as of the week
ending April 21st, speculators at Chicagos International
Monetary Market(IMM) are holding net shorts in pound for
the first time in the past 12 months. During the last 6
weeks, speculators have been reducing holdings of GBP
long positions.
Amazon sales surged in the first three months of the
year, as the coronavirus lockdown boosted demand for the
firm's groceries, online market and cloud computing
services.
ĦĦĦĦSales in the quarter jumped 26% year-on-year and the
firm said they could rise another 28% in the next.
Ħ°If you're a shareowner in Amazon, you may want to take
a seat because we're not thinking small,Ħħ said Amazon's
chief executive Jeff Bezos.
ĦĦĦĦĦ°I'm confident that our long term-oriented
shareowners will understand and embrace our approach.Ħħ
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Topic: GBP/USD Will See More Volatile Market Tre
