British Pound: USD/GBP (GBP=X) Focus on the Brexit

British Pound USD  GBP Focus on the Brexit

However, the pair has since slipped again and now trends near the level of 1.7726.

Monday's session saw little change in the Pound Sterling to Euro (GBP/EUR) exchange rate, as the Eurozone's data was too mixed to influence Euro (EUR) strength but the Pound (GBP) failed to recover any further from its worst levels.

United Kingdom distributive trades data from the Confederation of British Industry (CBI) will be published too. Meanwhile, the CBI's Industrial Trends Orders printed at 11 in July after June's 13.

According to the report though, factory activity continued to be held back by Brexit uncertainties.

As the escalating trade dispute with China is expected to push prices still higher over the coming months USA households look set to come under increased pressure.

'It's great to see the manufacturing sector firing on all cylinders, with production revving up again after the slowdown earlier this year.

While last week's United Kingdom political and economic developments worsened concerns that Britain could face a worst-case scenario "no deal" Brexit, a number of smaller factors have supported a Pound (GBP) recovery since.

Weak economic data and deepening political uncertainty over the government's Brexit position hammered sterling last week and sent it to 10-month lows.

However, as UK Prime Minister Theresa May's Brexit plan has faced obstacles within her own Conservative Party, markets are becoming increasingly anxious that a worst-case scenario "no deal" Brexit could be possible.

As China is Australia's biggest trade partner, the Australian Dollar (AUD) became unappealing amid news that the Chinese Yuan (CNY) continues to fall against the US Dollar (USD).

The GBP/USD is trading little changed on the upside at around 1.3120 against the US Dollar that has been boosted late on Monday by the market speculation of the US third-quarter GDP growth rate is closer to 5% than to 4.0% massively supported by the gossip from the White House advisors. That is, at this time past year, United Kingdom inflation was fairly high and rising.

GBP/AUD Forecast: Australian Inflation Results in Focus This week's most influential dataset for Pound to Australian Dollar exchange rate investors will be published during Wednesday's Asian session, in the form of Australia's Q2 Consumer Price Index (CPI) inflation results.

However, it's thought unlikely that Trump will heed the warning and ease the anxiety of markets, and so currencies will probably remain sensitive to any developments.

There are now more investors and analysts speculating that the bank would be within reason to leave monetary policy frozen until 2019.

Of course, the opposite is also true. While there is a small majority expectation that the bank will hike United Kingdom interest rates in its decision next week, recent data and vague comments from BoE officials have weighed.

Related News:

  • Yankees' Judge hit on wrist by pitch, leaves game

    Yankees' Judge hit on wrist by pitch, leaves game

    Update (11:16 PM ET): The Yankees announced that Judge suffered a chip fracture in his right wrist. Judge left the stadium to undergo an MRI at a nearby hospital, per Lindsey Adler of The Athletic .
    Michael Cohen says Donald Trump knew of Trump Tower meeting in advance

    Michael Cohen says Donald Trump knew of Trump Tower meeting in advance

    Trump was told of the June 2016 meeting, which involved Donald Trump Jr. and several other campaign figures, by his son. On the day of the meeting, Trump was also in Trump Tower, even though he didn't have any events planned.
    London taxi drivers ‘considering’ class action against Uber

    London taxi drivers ‘considering’ class action against Uber

    It is claimed the LTDA would make claim based on its drivers losing up to £10,000 annually for five years. The taxi hailing app admitted to a judge during an appeal that TfL was right to have safety concerns.
  • South Korea to trial withdrawing troops from border

    South Korea to trial withdrawing troops from border

    The DMZ is 4 kilometers (2.5 miles) wide - 2 kilometers in each country - and stretches 248 kilometers from coast to coast. North Korea's diplomatic overtures began earlier this year with its participation in the Winter Olympics in the South.
    'The Crown' Casts Its Prince Charles for Season 3

    'The Crown' Casts Its Prince Charles for Season 3

    Meanwhile, Allied's Marion Bailey will replace Victoria Hamilton as the Queen Mother for those respective seasons. The second season of the royal-family drama scored an epic 13 Emmy nominations, including one for best drama.
    The end of Ebola in the DRC shows that United Kingdom  aid works

    The end of Ebola in the DRC shows that United Kingdom aid works

    The boy's mother tested negative for Ebola RNA, but she was positive for Ebola virus antibodies, indicating prior infection. Quote direct from author and can not be found in the text of the Article.
  • Benitez: 'Newcastle squad not good enough as it is'

    Benitez: 'Newcastle squad not good enough as it is'

    On the other hand, the club have sold Mikel Merino to Real Sociedad for a reported £10.6m and Chancel Mbemba for £8m. We'll see if we can find a solution for everyone. - Rafael Benitez discusses the Mitrovic transfer saga .
    Newsnight apologises for Imran Khan mix-up

    Newsnight apologises for Imran Khan mix-up

    A bit of an error - that was Wasim Akram bowling and not Imran Khan #newsnigh'. Doctor Foster actor Prasanna Puwanarajah said: "Wow". Twitterati were quick to react to the error.
    Arzani set for Celtic loan move

    Arzani set for Celtic loan move

    The 19-year-old was impressive for his country in the World Cup in Russian Federation , where he featured in all three group games.
  • Omarosa to Release ‘Explosive’ Memoir Titled ‘Unhinged’

    Omarosa to Release ‘Explosive’ Memoir Titled ‘Unhinged’

    Manigault Newman was a Trump ally who joined his administration in January 2017 as a White House communications director. But after her resignation, Manigault-Newman painted a less-than-rosy picture of her time in the White House.
    Demare wins Tour's 18th stage, homas in yellow

    Demare wins Tour's 18th stage, homas in yellow

    The sprinters' teams never let them get much more than two minutes ahead, and they were caught with 16.5 kilometres to go. Hopefully we'll have strength in numbers and he'll be able to just follow as well, " Thomas said.
    Ebola outbreak in DRC ends - what made a difference?

    Ebola outbreak in DRC ends - what made a difference?

    The vaccine had to be kept at -60°C to -80°C in remote parts of a humid country with unreliable power supplies. At one point, experts were anxious the deadly virus might spread throughout Central Africa .

Most liked

Johns and Sterling place blame for refereeing crisis on NRL
Sides can continue to challenge decisions if they are proven correct on each occasion. They impact games, they impact livelihoods and we've got to get better.

Meghan Markle & Prince Harry Attend Sentebale Charity Polo Match
Harry launched the charity alongside Lesotho's Prince Seeiso in 2006 after making a trip to the country on his gap year in 2004. The Duchess of Sussex grabbed a kiss from her husband during a surprise appearance to cheer him on at a charity polo match.

Lunar Eclipse 2018: What time is the blood Moon eclipse today?
Part of the Moon's shadow fell near the South Pole, so partial coverage of the Sun was visible in parts of southern Australia. Cape Town - On Friday, July 27, 2018 most of the world will be treated to an extraordinary evening of activity in the sky.

Manchester United's Luke Shaw: I have a Wayne Rooney type of body
I've been unlucky because I've had a few ups and downs, with different managers, but I would say I've never been out of shape. Now I know what I need to do. "For me personally, I don't think I would want to sign a contract right now".

Mourinho: Klopp has to deliver after spending spree
Their ability to record consistent results, regardless of the opponent will be crucial to their chances of success next year. Manchester City are outstandingly strong, the same for United, Tottenham, Arsenal and Chelsea '.

Bitcoin slumps after United States regulators reject Winklevoss crypto exchange-traded fund, again
Cryptocurrency traders and exchanges have hoped that an exchange-traded product would make the virtual currency. According to rules at the SEC, the regulator has until August 16 to act on this specific proposal.

Severe thunderstorm warning issued for London and area
Video footage of this afternoon's storm showed large pieces of hail hitting decks and water rushing down roadways. It will remain in effect tor the next nine hours, which means commuters may be caught in the storm tonight.

Priyanka Chopra and Nick Jonas are reportedly engaged
His brother and fellow Jonas Brothers star Joe, 28, became engaged last October to Game of Thrones star Sophie Turner, 22. First, they were seen on a dinner date with Priyanka's mother Madhu Chopra and her brother Sidharth Chopra.

Husband of adult film performer Stormy Daniels seeks divorce
Daniels was arrested at an OH strip club this month for allegedly inappropriately touching patrons but the charges were dropped. For her part, Daniels responded a little differently: "I don't need or want privacy", she tweeted soon after Avenatti.

Almost 700 Syrian refugees leave Arsal to return home
Last week, Russia's Defense Ministry said it proposed to the United States the creation of a joint group, along with Jordan, to organize refugee returns.

Mesut Ozil: German FA boss admits regret over row with midfielder
According to SkySports , Grindel said he regretted that the federation's criticism of the photo "was abused for racist slogans". But Grindel was "more interested in speaking about his own political views and belittling my opinion", said Ozil.

The Mane with the Golden Gun - Liverpool stars meet James Bond
Jurgen Klopp has spent £175million this summer, including £66m on Brazil goalkeeper Alisson and £44m on Fabinho, in a bid to land Liverpool's first league title since 1990.

Zuckerberg loses US$16b in record Facebook fall
According to Forbes 2018 billionaire list, Mark Zuckerberg was the fifth wealthiest American in 2018 - with $71 billion net worth. Facebook has also been sucked into the probe into alleged Russian meddling in the 2016 presidential election.

Roseanne to Sean Hannity on Controversial Tweet: 'It Cost Me Everything'
As for her initial reaction to the backlash, "The first thing was shock that they were saying it was racial, when it's political. She was sacked on May 29 in light of her tweet, however Barr claims that her termination broke her contract.

The Internet Can’t Get Enough Of John Wall’s Uncomfortable USA Basketball Picture
There's no getting around the fact that John looks pretty darn exhausted , but that said, maybe we should let him live a little. Bleacher Report's Yaron Weitzman, covering the minicamp, asked Wall about the fact that his photo was blowing up the Internet.