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Fundamental Analysis
GBP/USD
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[QUOTE="ForexSignalses, post: 164405, member: 59138"] [B]GBP/USD Pound drops to 2-week low as trade tensions weigh on risk appetite[/B] GBP/USD has resumed its losing ways in the report to Monday, after falling 1.3% last week. In the North American session, the pair is trading at 1.2960, besides 0.30% upon the hours of the day. On the forgive stomach, there are no data indicators in the U.K. or the U.S. On Tuesday, the U.K. releases wage stockpile and unemployment claims. The pound is below pressure, as aquiver investors are snapping in the works the fasten-dock greenback due to rising trade tensions amid the U.S. and China. On Friday, the U.S. raised tariffs upon $200 billion in Chinese goods, from 10% to 25%. The impinge on was announced a week ago, triggering brilliant declines in the equity markets. The Chinese right of access was responsive, subsequent to Bejing announcing earlier upon Monday that it would slap tariffs upon $60 billion of U.S products. Despite the tit-for-tat tariffs along surrounded by the U.S. and China, talks surrounded by the sides continue, behind officials scheduled to money the adjacent round of talks in Beijing. The additional tariffs complete not apply to Chinese goods that left harbor prior to May 10, affording a 2-week window for negotiators in the to the lead the tariffs resign yourself to effect. The escalation in tensions has shelved a meeting furthermore President Trump and Chinese President Xi, but the two leaders could meet at the G-20 pinnacle in Japan in June. British data was a poisoned sack upon Friday, leaving the pound unchanged. The monthly GDP forgive declined in March by 0.1%, above the estimate of 0.0%. There was enlarged news from the quarterly indicator. Preliminary GDP for Q1 came in at 0.5%, matching the predict. This was taking place from conclusive GDP in Q4, which climbed 0.2%. Manufacturing Production remained steady at 0.9% in March, crushing the estimate of 0.1%. [/QUOTE]
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