At the beginning of the month, the GBPUSD was able to recover a bit. Subsequently, the GBPUSD dropped again and fell below the important level of 1.3000.
Since June the EURUSD is moving in a sideways range between 1.1500 and 1.1800. The last FOMC minutes caused a drop under 1.1500.
Since the beginning of the year, the DAX has lost more than 10% in value and the recent sell off accelerated. Can the DAX recover?
Throughout the year, the Cable was facing downward pressure. In August it started to recover, but the third rate hike of the Fed brought some pressure again.
This was the third rate hike by the Fed this year and another interest rate hike is expected for december despite Donald Trumps statement.
According to Theresa May the Brexit-negotiation is in an impasse. Consequently, the GBPUSD gets under pressure and drops by 200 pips.
Unsurprisingly, both central banks kept their interest rates unchanged. BOE Governeur Mark Carney warned in his speach of a no-deal Brexit.
In recent weeks the EURUSD moved sideways and is about to build an inverse head and shoulders pattern. Read more about it.
The discussion about the trade war resulted in losses for the DAX. However, the latest positive news supported the DAX...
The pound depreciated a lot in the past weeks. Trump's tweets were able to stabilize the GBPUSD price. However, the pressure remains.