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GBP vs USD currency overview for 27th March 2018The Pound to US Dollar has been edging higher throughout the week so far, but mixed trade news and risk-sentiment is limiting GBP/USD gains.
Demand for the US Dollar has been limited by concerns about clashes on trade between the US and China. The US introduced fresh tariffs on Chinese goods overnight and China has already announced a retaliation of tariffs on US products.
US non-manufacturing PMI data will be published during Wednesday’s American session, but investors may be hesitant to make big moves on the US Dollar amid trade uncertainty and ahead of Friday’s US Non-Farm Payroll report.
GBP vs USD trend analysis for 20th April
Both the long term (green line) and recent trends (blue line) show that GBP-USD is trending upwards.
As the Pound is generally strengthening against the USD, this means that you should receive more Pounds for every US Dollar.
However, with GBP-USD trending so strongly upwards, it may be sensible to see if you can convert your Pounds for more US Dollars in the next few days.
The overview update is provided by TorFX, a leading foreign exchange broker. Click here for market leading GBP/USD exchange rates
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