None
ES
FxWirePro: GBP/USD climbs to one-week high as US government shuts down
[]
EconoTimes RSS
• GBP/USD climbed on Wednesday as the U.S. government shutdown pressured the dollar, with traders factoring in potential delays to key economic reports that influence Fed policy.
• The shutdown began after the Senate rejected a short-term funding bill that would have extended operations until Nov. 21.
• The shutdown poses a risk of postponing critical economic data releases, potentially complicating the Federal Reserve’s monetary policy assessment.
• The ADP National Employment Report, due later today, is expected to provide further insights into the US labor market.
Recommendation: Good to buy around 1.3470, with stop loss of 1.3400 and target price of 1.3550