Forex Market News

Sterling Pound Spot Traded Lower

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In yesterday’s trading session, Sterling pound spot traded lower by 0.11 percent (GBPUSD) and 0.53 percent (GBPINR) owing to strong DXY in the overseas markets. Investors avoid making any risky trades in the pound currency as the unpredictable political risk is currently on the driver’s seat, giving directions to the Pound.

Hence any usual news on the political front will influence the trend of Pound. Today, GBPINR spot is likely to trade lower as markets remain cautious ahead of the important economic data releases from the nation which is scheduled to be released today.
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