GBP/USD sticks to modest gains around 1.2200 mark, just below multi-week high

GBP/USD sticks to modest gains around 1.2200 mark, just below multi-week high – by hareshmenghani GBPUSD RiskAversion Fed BOE Currencies

The risk-off environment benefits the safe-haven USD and acts as a headwind for the pair.The GBP/USD pair

The prevalent risk-off mood - as depicted by a weaker tone around the equity markets - drives some haven flows towards the Greenback and acts as a headwind for the GBP/USD pair. Despite the recent emergency liquidity measures and multi-billion-dollar lifelines for troubled US and European banks, market participants remain concerned about the contagion risk and the possibility of a full-blown global banking crisis.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

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.

GBP/USD: Further gains in the pipeline above 1.2220 – UOBIn the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, sustainable gains in GBP/USD look likely once the pair cle
Read more »

GBP/USD: Weekly Forecast 19th March - 25th MarchThe GBPUSD delivered an oddly strong bullish trend last week as global financial markets largely became nervous, and traders may want to look at the currency pair with speculative eyes- trading forextrading
Read more »

GBP/USD pops in the open to test 1.2200The US Dollar fell on Friday sending GBP/USD to test 1.22 the figure although further declines in the shares of Credit Suisse and First Republic Bank
Read more »

GBP/USD eyes upside above 1.2200 as risk-on mood solidifies on Credit Suisse buyoutThe GBP/USD pair is gathering strength is shifting its auction above the round-level resistance of 1.2200 in the Asian session. The Cable has found su
Read more »

GBP/USD Price Analysis: Bulls step back from multi-day-old hurdle near 1.2210GBP/USD Price Analysis: Bulls step back from multi-day-old hurdle near 1.2210 GBPUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »

GBP/USD struggles to recapture 1.2200 as investors turn anxious ahead of Fed-BoE policyGBP/USD is doing some serious attempts for recapturing the round-level resistance of 1.2200 in the early European session. The major is oscillating in
Read more »