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British Pound (GBP) Newest: FTSE Shrugs Off BP Outcomes, GBP/USD Stable


GBP and FTSE 100 costs, information and evaluation:

  • GBP/USD is continuous to trade across the 1.31 degree, with few indicators of a breakout both approach.
  • In the meantime, shares in oil main BP jumped regardless of information of a document loss and a lowered dividend.
  • That helped the FTSE 100 index maintain its floor, together with the opposite most important European inventory indexes.

GBP/USD regular

GBP/USD was steady in early London trading Tuesday because the currency markets await information from the talks amongst US politicians on a brand new coronavirus aid invoice. Stories counsel that some progress is being made however that a number of sticking factors stay.

GBP/USD Value Chart, One-Hour Timeframe (July 28 – August 4, 2020)

Latest GBP/USD price chart

Chart by IG (You’ll be able to click on on it for a bigger picture)

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Within the inventory markets, the spotlight Tuesday to date has been information from the oil main BP of a dividend reduce for the primary time in a decade and of a document $6.7 billion loss within the second quarter because the coronavirus disaster hit demand for power. Oddly, its share value was up by greater than 5% in response – suggesting that even worse numbers had been anticipated.

Nonetheless, the FTSE 100 index of the main London-listed shares was little modified alongside indexes round the principle European trading centres.

FTSE 100 Value Chart, Each day Timeframe (April 27 – August 4, 2020)

Latest FTSE 100 price chart

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Begins in:

Reside now:

Aug 04

( 10:08 GMT )

Really helpful by Martin Essex, MSTA

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— Written by Martin Essex, Analyst and Editor

Be at liberty to contact me through Twitter @MartinSEssex

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