GBP/USD bulls attack 11-month top below 1.2600 with eyes on Fed, US NFP – by anilpanchal7 GBPUSD Fed NFP Brexit BOE
multiple central bank meetings including from the Federal Reserve and the US jobs report. That said, the Cable pair makes rounds to 1.2570 while defending the previous day’s run-up near the multi-day high during early Monday in Asia.
Hopes of getting another positive from the Brexit front, this time in the form of easy travel to and from Europe during the holiday season, initially underpinned the GBP/USD pair’s run-up in the last week. The reason could be linked to UK Prime Minister Rishi Sunak’s push for the rules that can help cheer the vacation after the much-awaited Brexit deal is sealed., as well as an absence of the banking crisis in the UK, are also likely to have favored the GBP/USD buyers.
Against this backdrop, Wall Street managed to close on the positive side amid strong equity earnings while yields dropped and the USMoving on, a slew of top-tier US data and events are on the calendar that can fuel market volatility. However, holidays at a few markets on Monday and a lack of major data in the UK may allow the GBP/USD to take a breather.Should the Fed matches market forecasts of a 0.
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