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16.06.2020 GBP/USD Daily Analysis

GBP/USD is trading below 1.2650, as UK jobless claims rise only 528.9K, more than expected. On the other hand, the unemployment rate beat with 3.9%.

Yazar: editor_1

Yayınlanma: 16 Haziran 2020 19:24

Güncellenme: 22 Kasım 2024 06:38

16.06.2020 GBP/USD Daily Analysis

GBP/USD is trading below 1.2650, as UK jobless claims rise only 528.9K, more than expected. On the other hand, the unemployment rate beat with 3.9%. The dollar is on the back foot amid hopes for fiscal and monetary stimulus. GBP/USD has advanced on the PM's optimism and also as the US Federal Reserve announced it would buy corporate bonds in markets – and also from firms. The Fed's move is not a game-changer, as it had already laid out the plan back in March, but it then proposed buying Exchange Traded Funds rather than direct buying. Nevertheless, stocks jumped and the safe-haven dollar was sold off.
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