The British currency declined slightly in anticipation of a meeting of the national regulator, which will be held later today, and is currently trading at $ 1.2846, very close to the lows of October 29.
Against the euro, the pound was stable at 86.11 pence. No change in the Bank of England policy is expected, but investors are focused on how it will respond to the uncertainty surrounding Britain’s exit from the European Union.
The dollar fell against the yen on Thursday amid investor caution over concerns about when the United States and China will sign a preliminary trade deal.
The dollar against the Japanese yen fell by 0.19% to 108.75.
The meeting between US President Donald Trump and Chinese President Xi Jinping, where both sides are expected to sign the long-awaited “first phase” of the trade deal, may be postponed until December, as discussions on the timing and venue of the meeting continue, said media a senior Trump administration official.
On the mainland market, the Chinese yuan dropped by 0.24% to 7.0138 per dollar, further falling from a maximum of two and a half months at 6.9880 per dollar, reached on Tuesday, amid weakening optimism regarding the “first phase” of the trade deal.
The dollar index against the basket of major currencies added 0.06% to 97.994.
The euro is trading at $ 1.1061, losing 0.11%.
GBPUSD: Buy. Entry point – 1, 2870. Take profit – 1, 2900. Stop Loss – 1, 2837.
EURUSD: Sell. Entry point – 1, 1062. Take profit – 1, 1046. Stop Loss – 1, 1085.
AUDUSD: Buy. Entry point – 0, 6867. Take profit – 0, 6882. Stop Loss – 0, 6846.