GBP/USD continues to stick around 1.3100 as investors await BOE Bailey’s speech By Sagar_Dua24 GBPUSD Fed BOE Ukraine RussianFederation
has traded in a range of 0.3051-0.3183 last week but is likely to find direction this week as investors are waiting for the speech from’s Governor Andrew Bailey, which will provide insights into the likely monetary policy action in May. Apart from that, the peace talks round between Russian leader Vladimir Putin and Ukraine’s President Volodymyr Zelensky after the development of a specific written document will assert pressure on the cable.
against the greenback as US Blinken says western sanctions may be lifted from Russia depending on the outcome of negotiations between Russia and Ukraine. is approaching 99.00 amid the lowest US Unemployment Rate since February 2020. The US Bureau of Labor Statistics has reported the Unemployment Rate at 3.6% lower than the estimate of 3.7% and the previous figure of 3.8%. It would not be incorrect to claim that the US economy has reclaimed its pre-Covid-19 levels of unemployment numbers.
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