GBP/USD 1.40000 retesting
The bear’s influence is slowly increasing, but so far, they have not taken total control.
The long-awaited “Freedom Day” will probably be postponed to June 21 at the beginning of July. Threats to EU tariff quotas accompany the economic damage due to the delayed return to normal. Brussels and London remain at loggerheads over the implementation of the Northern Ireland Protocol, and tensions are rising. “
Will external intervention help calm Brexit tensions? US President Joe Biden – who says 5/8 is Irish – will reportedly put pressure on British Prime Minister Boris Johnson to resolve the remaining issues to preserve the peace agreement on Good Friday on the Emerald Isle. However, the heads of state at the G-7 summit in London have to deal with bigger topics. “
Concerns over Brexit and anxiety over the reopening of the UK also remain a cable pull, as attention this Thursday shifts to the long-awaited US IPC and ECB decision.
House prices in the UK continued to rise in May, driven by strong demand and a lack of new guidance, a survey by the Royal Institution of Chartered Surveyors or RICS showed on Thursday.
The balance of house prices rose to 83 percent in May from 76 percent in April. This was the fourth month in a row in which the pressure on the growth of house prices seemed to increase, said RICS.
A lot of good news has already been set for the pound, so there is not much that would surprise the market unless BOE takes a surprising stance. Bank of England Monetary Policy Committee Member Andy Haldane will have a statement later in the day. We can expect potential news that could influence the further movement of the pound.
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