Trump's remarks have detonated the market, and gold is approaching key resistance; the pound stands at the main resistance level, and the bulls continue to build positions actively... Click to view the key positions of each asset based on order flow...
The pound against the dollar GBP/USD rose more than 1% in the day, setting the stage for its largest one-day gain since the end of 2023.
As UK government bond yields soared again, the pound fell nearly 1% against the dollar GBP/USD during the day to 1.2245, continuing to brush a new low since November 2023.
The dollar index DXY continued to decline, falling 0.9%, the pound against the dollar GBP/USD rose 1%, the euro against the dollar EUR/USD rose 1.1%, the New Zealand dollar against the dollar NZD/USD, the Australian dollar against the dollar AUD/USD rose more than 1%, the dollar against the yen USD/JPY erased the intraday rally, now down 0.01%.
The pound against the dollar GBP/USD fell by more than 1.00% during the day, continuing to brush the lowest level since April 2024 and now trading at 1.2392.