GBP/USD remains depressed near mid-1.2100s amid modest USD strength, ahead of Fed’s Powell – by hareshmenghani GBPUSD Recession Bonds Fed Currencies
A combination of factors helps revive the USD demand and exerts pressure on the major.GBP/USD
A combination of factors assists the US Dollar to stage a modest recovery from a seven-month low set on Monday, which, in turn, is seen exerting some downward pressure on the GBP/USD pair. A goodish pickup in the US Treasury bond yields, along with a softer risk tone, help revive demand for the safe-haven greenback.
Apart the USD uptick could also be attributed to some repositioning trade ahead of Fed Chair Jerome Powell's speech, due later during the early North American session. Investors will look for more clarity on the Fed's rate hike path, which will play a key role in influencing the USD and provide a fresh impetus to the GBP/USD pair.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD climbs to over two-week top, beyond mid-1.2100s amid sustained USD sellingThe GBP/USD pair builds on Friday's solid recovery from a six-week low and gains strong follow-through traction for the second successive day. The mom
Read more »
Pairs in Focus This Week-Bitcoin, Gold, EUR/USD, GBP/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 8th, 2022 here.
Read more »
GBP/USD: Weekly Forecast 8th January - 14th JanuaryThe GBP/USD went into the weekend near the 1.20860 level, after starting the week near a high of around 1.21000.
Read more »
GBP/USD Price Analysis: Further upside hinges on 1.2130 breakoutGBP/USD bulls flirt with the 1.2100 threshold during Monday’s Asian session, after posting the biggest daily jump in five weeks on Friday. Even so, th
Read more »
GBP/USD extends gains above 1.2100 as US recession fears soarThe GBP/USD pair has surpassed the round-level resistance of 1.2100 in the Tokyo session. The Cable is expected to shift its auction profile above 1.2
Read more »
GBP/USD surpasses 1.2150 despite Fed sees hawkish policy continuation into 2024GBP/USD has overstepped the critical resistance of 1.2150 in the early European session. The Cable may need significant bids to extend its upside jour
Read more »