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Relative decline of the British pound sterling against the US dollar – 13-05-2020

News Date: 13/5/2020 04:30:21

The sterling pound Decreased this morning against the US dollar by 0.44%, after maintaining levels of 1.23 for consecutive days, this means that the British pound is taking its way to break down barriers against the US dollar, as attempts to recover, and is expected a long term tendency.

As for the pair of the US dollar against the euro, it was still under negative pressure yesterday, but it ended the same day’s trading at 1.0848 levels, and it is expected to achieve more rise, especially after it was established today at 1.0843, this means that it is waiting a general positive tendency , in turn, considered the Japanese yen pair against the US dollar 0.35%, to settle at 107.00.

As for commodity news, the price of oil has been observed to drop from $ 25.83 to 25.72 now ، and this, as well as the relationship between the US dollar and silver, so if one of them descends, the other should rise in return. While the futures contracts for gold increased by 0.07%, reaching $ 1705.65 an ounce, while the daily price is stable at $ 1701.97 compared to $ 1701.11 yesterday.

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