GBP/USD advances steadily on soft US Dollar as Fed officials hints 50 bps in December – by christianborjon GBPUSD Majors Macroeconomics Technical Analysis
the likelihood of moderating the pace. Another factor, China’s Covid-19 outbreak, sparked investors’ fears, though they waned as Wall Street is trading in the green. At the time of writing, the GBP/USD is trading at 1.1872, above its opening price by 0.40%.President Mary Daly said she’s worried about overtightening, and she foresees rates initially at 5%, and from there, rates could go higher, depending on data.
Meanwhile, the ongoing Covid-19 crisis in China shifted market sentiment sour on Monday, though it waned, as Chinese authorities had not reimposed stricter lockdowns. Some of the newest measures suggested that some schools are back to online learning, while some districts in Beijing asked citizens to stay home for at least five days.is underpinned by expectations that the Bank of England would raise borrowing costs as they scramble to control 40-years high inflation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD marches past 0.6100 amid US Dollar pullback, RBNZ, Fed Minutes eyedNZD/USD refreshes intraday high around 0.6125 as it pares the biggest daily loss in a fortnight during early Wednesday. In doing so, the Kiwi pair ign
Read more »
GBP/USD Price Analysis: Marches towards 1.1900 as yields extend lossesThe GBP/USD pair has witnessed a steep rise to near 1.1856 in the Tokyo session after sensing buying interest below 1.1800. The Cable is marching towa
Read more »
GBP/USD falls towards 1.1800 on risk-off mood as sellers eye 1.1700The Pound Sterling (GBP) strumbled sharply below the 1.1900 figure in the North American session amid risk aversion as China’s Covid-19 crisis worsens
Read more »
GBP/USD still faces some consolidation near term – UOBGBP/USD is now seen within the 1.1680-1.1940 range in the next few weeks, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB G
Read more »
GBP/USD eases from daily high, up a little around 1.1850 area amid modest USD downtickGBP/USD eases from daily high, up a little around 1.1850 area amid modest USD downtick – by hareshmenghani GBPUSD BOE Recession Coronavirus Currencies
Read more »
GBP/USD refreshes daily high, 1.1900 mark back in sight amid notable USD supplyThe GBP/USD pair attracts fresh buying in the vicinity of the 1.1800 round-figure mark on Tuesday and reverses a major part of the overnight losses. T
Read more »