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.

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