The British pound held near $1.339 on Friday, its lowest level in eight weeks, as the U.S. dollar strengthened. The dollar reached a three-week high after President Trump confirmed he would not remove Fed Chair Jerome Powell, despite continued criticism of the Fed’s careful stance on rate cuts. In the UK, markets are closely reviewing recent employment and inflation data. While the labor market shows signs of weakness, updated tax records suggest the slowdown may not be as severe as previously thought.
Resistance is at 1.3535, while support holds at 1.3380.
Resistance is at 1.3535, while support holds at 1.3380.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.