The pound rebounding from Its lowest level in 31 years and the attention on the Brussels meeting

GBP rose during the Asian market on Tuesday against most currencies within the corrections _ profit-taking after a sharp drop over two days, rebounding from Its lowest level in 31 years against the US dollar, and investors are awaiting the decisions made by the economic summit of the European Union which held in Brussels, especially after the British referendum which resulted in Britain exit of the European Union, , and the dollar index fell after strong gains over two days, recording its highest level in three months, and the US economy later in the day awaits growth data for the first quarter and other data on consumer confidence during June.

Sterling pound

Sterling ended trading yesterday, down by 3.1 percent against the US dollar, in the second daily loss in a row, recording the biggest loss in two days against the greenback at all, and hit its lowest level in 31 years, $ 1.3119, with a succession of adverse reactions after Britain exit the EU , mounting concerns about the British economy, which suffers in the base of the weak growth rates and slowing inflation.

GBP against the US dollar by 07:45 GMT, trading at 1.3350 from an opening price of 1.3217 after recording the highest price of 1.3353, and the lowest of 1.3199.

The pound rose for the first time in three days against the US dollar within the bounces and the correction from Its lowest level in 21 years recorded yesterday, and investors are awaiting the decisions that will be issued by the Economic Summit of the European Union, which begins today in Brussels is scheduled to be attended by British Prime Minister David Cameron, the summit is expected to issue important decisions, especially after the historical referendum in Britain, which resulted in the exit of the United Kingdom of the European Union.

U.S. dollar

The dollar index yesterday traded higher by about one percent, in the second daily gain in a row, hitting the highest level in three months 96.85 points, reflecting the acceleration of buying the US currency operations against most currencies, as the US currency is the most stable in the world in light of the sharp volatility in other currencies , particularly European currencies the euro and the sterling.

By the time 07:50 GMT, the dollar index is trading around the level of 96.10 points from the opening level of 96.53 points, and recorded the highest level of 96.55 points and 96.08 points, the lowest level.

The dollar index fell during the Asian market on Tuesday within a correction and profit taking after huge gains over two days, and the US economy later in the day waiting for several important growth data for the first quarter and consumer confidence during June.

By 12:30 GMT the final reading of GDP will be released for the first quarter, and the expected a growth rate 1.0% compared with the previous reading, which recorded a growth rate of 0.8%.

The Standard & Poor's annual home index will be released, and the expected 5.5% in April from 5.4% in March, and consumer confidence in the economy released CB to measure consumer confidence during June expected 93.2 points from 92.6 points in May.