Pound Advances Amid Risk Appetite
13 Noviembre 2018 - 12:00AM
RTTF2
The pound climbed against its major counterparts in the European
session on Tuesday, as European shares rose after the U.S. and
China resumed talks aimed at easing trade tensions.
U.S. Treasury Secretary Steven Mnuchin has resumed discussions
with his Chinese counterpart, Vice Premier Liu He, signaling a
willingness on both sides to reach an accommodation, the Wall
Street Journal reported.
Investors also kept an eye on Italy ahead of the deadline for
the country to resubmit its budget proposals to the European
Union.
Brexit talks in Brussels concluded with "optimism on both sides"
but not final deal has been reached amid split over the issue of
the Irish border.
In a speech on Monday, U.K. Prime Minister Theresa May remarked
that talks were at the "endgame".
Preliminary data from the Office for National Statistics showed
that the UK unemployment rate rose slightly in the three months to
September to 4.1 percent.
In the past two months, the ILO jobless rate was steady at 4
percent, which was the lowest level since early 1975. Economists
had forecast the rate to remain unchanged.
The currency has been trading higher against its major rivals in
the Asian session, barring the euro.
The pound climbed to 1.2918 against the greenback, from a low of
1.2838 hit at 5:00 pm ET. The pound is likely to find resistance
around the 1.31 level.
Having dropped to near a 2-week low of 145.99 against the yen,
the pound reversed direction and rose to 147.44. If the pound rises
further, it may challenge resistance around the 148.00 level.
The pound reached as high as 1.3051 against the franc, up from a
low of 1.2971 seen at 5:30 pm ET. On the upside, 1.32 is possibly
seen as the next resistance level for the pound.
The U.K. currency appreciated to a 4-day high of 0.8704 against
the euro, reversing from a low of 0.8742 touched at 2:00 am ET.
Next key resistance for the pound is seen around the 0.86
level.
Figures from the Federal Statistical Office showed that
Germany's consumer price inflation in October was the highest in
over a decade.
The consumer price index rose 2.5 percent year-on-year following
a 2.3 percent increase in September.
Looking ahead, at 10:00 am ET, Federal Reserve Governor Lael
Brainard gives a speech titled "Artificial Intelligence and the New
Financial Landscape" at the Fintech conference hosted by the
Federal Reserve Bank of Philadelphia.
The U.S. monthly budget statement for October is set for release
at 2:00 pm ET.
Sterling vs Yen (FX:GBPJPY)
Gráfica de Divisa
De Feb 2024 a Mar 2024
Sterling vs Yen (FX:GBPJPY)
Gráfica de Divisa
De Mar 2023 a Mar 2024