Sterling, already trading near its lowest in two years, was little moved after Boris Johnson won the contest to be Britain’s new prime minister. Investors are still worried whether he would lead Britain towards a no-deal Brexit.
September ECB rate cut is the talk of the Forex town. Investors hope Thursday’s ECB meeting will give the clearest signal yet of likely policy easing, if not the details.
The pound edged lower on Friday after registering its biggest daily jump in more than two months in the previous session. Traders focused on the growing fears of no-deal Brexit.
Oil prices rise about 1% on Thursday after Iran said it had seized a foreign oil tanker in the Gulf. Tensions rise between Tehran and the West over the safety of shipping in the Strait of Hormuz, a vital gateway for energy exports.
Four reports that affect the greenback and you should be aware of. Knowledge of the events affecting each currency and pairs of currencies is essential in Forex trading.