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GBP/USD reverses its earlier course after hitting a weekly high of 1.2507 and drops towards the 1.2400 figure amidst a risk-off impulse that triggered flows towards safe-haven assets. Therefore, the US Dollar (USD) remains in the driver’s seat, although US Treasury bond yields are collapsing. The GBP/USD is trading at 1.2401, down 0.67%. Read More…
The GBP/USD pair has dropped after failing to sustain above the psychological resistance of 1.2500 in the early European session. The Cable has sensed selling pressure as the US Dollar Index (DXY) is aiming to extend its recovery above 101.33 also negative market sentiment is weighing on risk-sensitive assets. Read More…
According to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, the upside momentum in GBP/USD is likely to accelerate once 1.2510 is cleared. Read More…
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