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.

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Mohammed Abdelkhalik

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