- GBP/USD declined for a third consecutive day towards the 1.2470 area.
- Initial Jobless Claims from the US from the first week of September come in lower than expected.
- Investors await next week’s CPI figures from the US from August.
- Market’s bet on a less aggressive BoE after Monetary Policy hearings on Wednesday.
On Thursday, the GBP/USD turned south and seems to be heading to the 200-day Simple Moving Average (SMA) at 1.2420 for a restest. A resilient USD and falling British yields are responsible for the pair’s movements.
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