AUSTRALIA – The US Dollar faces uncertainty going into June, due to expectations of rising inflation and stagnant yields from the US Treasury. These factors have led to an erosion of US real yields. In addition, it appears that the Federal Reserve has begun to taper its stimulus, draining liquidity from financial markets. Experts have debated whether this is a good idea, and what effect it will have on the dollar going forward.
Looking at the popular GBP/USD forecast, the next phase also looks unsure. Financial strategists predict either a continuation of the pair’s consistent rise over the past 15 months or a reversal.
GBP/USD currently stands at 1.42, an 0.09% decrease since the day before, but still within the overall upward trend of its price action.
Empower Markets has been giving investors greater confidence in these uncertain times with its top-notch trading platforms and technology. They offer over 60 Forex currency pairs, as well as the opportunity to trade Indices, Stocks, Commodities, and Cryptocurrencies. With years of experience and 24/7 customer support, Empower Markets gives investors the tools they need to make informed decisions and grow their funds.