Coming into May, its likely that GBP/USD will eventually see greater volatility.To get more news about
wikifx, you can visit wikifx news official website.
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.
After 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.
The 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.
Latest 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.if you want know more,
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