{"id":30629,"date":"2020-07-02T00:25:22","date_gmt":"2020-07-01T20:25:22","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=30629"},"modified":"2020-07-02T00:25:26","modified_gmt":"2020-07-01T20:25:26","slug":"gbp-gains-on-usd-retreat","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-gains-on-usd-retreat\/07\/02\/market-updates\/","title":{"rendered":"GBP Gains on USD Retreat"},"content":{"rendered":"\n<p>The British Pound (GBP) achieved gains on Wednesday, as demand for the USD as a safe haven faded despite positive economic data in the United States.<\/p>\n\n\n\n<p>GBP is up by 0.43% against the Euro, and by 0.60% against the USD.<\/p>\n\n\n\n<p>Earlier, data showed that the UK manufacturing sector is showing strong signs of a recovery.<\/p>\n\n\n\n<p>The IHS Markit <a href=\"https:\/\/noortrends.ae\/en\/market-update\/uk-manufacturing-activity-picked-up-in-june\/07\/01\/\">Purchasing Managers Index (PMI) in the UK<\/a> posted 50.1 in June, compared to 40.7 in May.<\/p>\n\n\n\n<p>Meanwhile, data showed that unemployment claims in Germany recorded 627,000 in May, increasing by 48.5% on an annual basis.<\/p>\n\n\n\n<p>In the United States, the <a href=\"https:\/\/noortrends.ae\/en\/market-update\/ism-manufacturing-pmi-beats-expectations-for-june\/07\/01\/\">manufacturing sector PMI increased to 52.6 in June<\/a>, beating market expectations, according to the Institute for Supply Management (ISM).<\/p>\n\n\n\n<p>Recent remarks by German Chancellor Angela Merkel indicated that the UK and the European Union have made very limited progress in negotiations for a BREXIT deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British Pound (GBP) achieved gains on Wednesday, as demand for the USD as a safe haven faded despite positive economic data in the United States. GBP is up by 0.43% against the Euro, and by 0.60% against the USD. Earlier, data showed that the UK manufacturing sector is showing strong signs of a recovery. &hellip;<\/p>\n","protected":false},"author":10,"featured_media":30630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,37,36],"tags":[6872,6870,6871],"class_list":["post-30629","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-forex-markets","category-market-updates","tag-eur","tag-gbp","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=30629"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30629\/revisions"}],"predecessor-version":[{"id":30631,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/30629\/revisions\/30631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30630"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=30629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=30629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=30629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}