GBPUSD has increased to record the highest level in six months

GBPUSD Analysis for UK forex trading

On Friday GBPUSD has increased  to record the highest level in six months, USD resumed its losses who stopped yesterday within taking breath, this came with the fears continued about the American president Donald Tramp, who faces an judicial charge against the justice, if the sucking the manager of the federal investigation office “James Comey” from the investigation with his last national security consultant was approved, and the USD has decreased too under the pressure of increasing the American interest prices probability in the next month.

At 12:15 GMT the USD is trading around the level 97.24 points from the opening level 97.70 points and record the highest level 97.73 points and the lowest level since 9 of November 2016 97.20 points.

The trading index has ended yesterday with an increased by 0.4%, in it first gain during five days, because of taking breaths, Nd after an economic data better than the expectation in the United States, about requesting a weekly unemployment support and about the industrial Philadelphia sector.

and during the current week the index has losses by 1.8%, and on it way to record the biggest weekly losses since the last of July 2016, with an acceleration of buying the USD, within the rising in the political tensions in the United States, and the probability backing down about increasing the interest prices next month.

The American president Donald Tramp may be faced a charge against the justice, And that’s a crime against the American law, if the manager of the federal investigation office “James Comey” confessed about Tramp requesting him and his last national security consultant Michael Flynn dropping an investigation with in front of the congress.

And Michael Flynn to succumb to the federal investigation about misleading remarks of a conversation he did with the Russian minister in Washington, and about his connections with the Russian officials during the Tramp election campaign.

The American interest prices probability has back down in June by 60%, with the respectively of issuing a weakness economic data in the United States, and that emphasizes the weakness of the biggest economic growth path in the world during this year.

Recommended Forex Brokers to trade GBPUSD

AVATrade

  • Up to 400:1 Leverage
  • $100 Minimum Deposit
  • Spreads from 0.9 pips
  • Free Demo Account
  • Excellent Customer Service
  • Regulated Firm in EU, AU, South Africa and Japan
100% Bonus up tp $10,000.
Visit Now

AvaTrade is a award-winning broker with over 20,000 customers from around world and $60 billion per month in trading volume.  Read Avatrade UK review.

Markets.com

  • Safe Trading with a Regulated Broker
  • £25 Free No Deposit Required ( T&C apply )
  • Minimum Deposit only $100
  • Free £100,000 demo account
  • Free e-book, personal training and online webinars
  • Over 2,000 Assets to Trade
  • Low Spreads from 2 pips
  • Islamic accounts
£25 Free Not Deposit Required ( T&C apply )
Visit Now

Markets.com is one of largest CFD brokers in Europe. It’s fully authorised and regulated by CySEC and FCA registered. Read Markets.com UK review.

Mohammed Abdelkhalik

Mohammed Abdelkhalik

Professional Trader and Analyst at TradingBroker.co.uk
Professional Trader and Analyst, economist in Financial and Forex market  since 2004.holds an MBA from the American University in Egypt. Mohammed works as an economic writer and technical & fundamental analyst for many international Forex & Binary Options trading companies in both English and Arabic on a daily basis.
Mohammed Abdelkhalik

Leave a Comment

About Us - Sitemap - Contact Us - Disclaimer- Terms & Conditions - Cookies Policy-
© Copyright 2013-2017. All Rights Reserved. TradingBroker.co.uk - Top UK Forex Trading & CFD Brokers -
tradingbroker.co.uk is owned and operated by Clicking Media Ltd ( company registered in England and Wales, UK )
DMCA.com Protection Status
Use of this site constitutes acceptance of our Disclaimer

Risk Warning: Online trading always holds an element of risk a it's not recommended for all investors or traders. Before deciding to trade you should evaluate your investment goals, your experience and risk propensity. You need to know there is a chance that you can lost some or all of your initial investment therefore you should avoid to invest money that you cannot afford to lose. In case of any doubts we recommend to seek advice from an independent financial advisor. ( check website www.fca.org.uk ) Trade at your own risk.
Disclaimer: The information contained within Tradingbroker.co.uk is only provided as general market commentary, and it’s for general information and educational purposes only, and it’s not intended to provide financial advice, nor is it an offer or solicitation of any kind to buy or sell any investment products
TradingBroker.co.uk has financial relationships with some of the products and services mentioned on this web site, and may be compensated if consumers choose to click these links in our content and ultimately sign up for them. For more information please visit our disclaimer web page Read Full Disclaimer