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GBP/USD drops sharply in the North American session following the release of outstanding data in the United States (US), painting an optimistic economic outlook and cementing the case for additional tightening by the US Federal Reserve (Fed). Therefore, the greenback is rising, underpinned by elevated US Treasury bond yields. At the time of writing, the GBP/USD is trading at 1.2611, down 0.18%. Read More…
GBP/USD drills the 15-day low around 1.2620 heading into Thursday’s London open. In doing so, the Cable pair traders pay little reaction to comments from Bank of England (BoE) Governor Andrew Bailey than Federal Reserve (Fed) Chairman Jerome Powell. Read More…
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