Forex Trading : Put a pair GBP / USD end to the bearish tone ahead of the index 1.50 and remained in the case of a big sale, where dominated by speculators on the rise of the dollar on the market on the back of renewed expectations for higher interest rates in June.
Recovery pair GBP / USD from 1.5029
Pair is trading GBP / USD declining 0.52% at 1.5050 away from new levels of bearish session recorded earlier at 1.5029. Exchange rate floor has dropped back to 1.50 as the dollar index extended its profits against its major rivals in the range of approximately 0.90%.
The US dollar index, which measures the relative strength of the dollar against a basket of six other major currencies has jumped to a new bullish levels in 12 years at 98.50 levels recording a gain of 0.84% on the day.
On the important big data front, industry and manufacturing numbers will be issued in the UK for the month of January on Aleravaen may have effects on the pair in the absence of any important data on the agenda today.