Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.31% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

78.31% of retail investor accounts lose money when trading CFDs with this provider.

Das Pfund nutzt die Schwäche des Dollars
Das Pfund nutzt die Schwäche des Dollars

The pound takes advantage of dollar's weakness

Fed Chairman Jerome Powell's comments give reason to believe that the Fed will slow its interest rate hikes.

Fed Chairman Jerome Powell's comments give reason to believe that the Fed will slow its interest rate hikes. Forecasts indicate that the regulator could reduce its rate increase as soon as its December meeting. With this news, the dollar is showing weakness relative to other world majors. Meanwhile, the Bank of England intends to continue tightening its monetary policy to combat inflation. In such a scenario, the GBP/USD pair could continue to rise.

GBP/USD

Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.

Why trade with Libertex?

  • Get access to a free demo account free of charge.
  • Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
  • Use a multiplier of up to 1:30 (for retail clients).
  • Operate on a platform for any device: Libertex and MetaTrader.
Back
Join Libertex!
Start live trading now
Register
or practice on a demo account

78.31% of retail investor accounts lose money

Table of contents
Get this report