GBP/USD holds steady near multi-week top as traders await this week's key data/event risks – by hareshmenghani GBPUSD BOE CPI Fed Currencies
GBP/USD consolidates its recent gains to a multi-week high and oscillates in a range on Monday.Traders now seem reluctant to place aggressive bets ahead of this week’s key data/event risks.pair kicks off the new week on a subdued note and consolidates its recent gains to a one-month high touched on Friday.
Spot prices trade around the 1.2575-1.2580 region, nearly unchanged for the day through the Asian session as traders await this week's important macro data and the key central bank event risk before placing fresh directional bets. In the meantime, expectations for more interest rate hikes by the Bank of England act as a tailwind for the British Pound and continue to lend support to the GBP/USD pair. In fact, the markets seem convinced that thewill be far more aggressive in policy tightening to contain stubbornly high inflation and anticipate another 25 bps lift-off on June 22.
Hence, the market focus will remain glued to the outcome of the highly-anticipated two-day FOMC monetary policy meeting on Wednesday. Investors this week will also confront the release of the crucial UK monthly employment details and the latest US consumer inflation figures on Tuesday.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Pairs in Focus This Week \u2013 EUR/USD, GBP/USD, Gold, OilGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of June 11th, 2022 here.
Leer más »
GBP/USD: Weekly Forecast 11th June - 17th JuneOne month ago on the 10th of May the GBP/USD was trading near the 1.26780 vicinity.
Leer más »
Weekly Forex Forecast \u2013 NASDAQ 100 Index, USD/JPY, GBP/USDThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week and in which
Leer más »
NHRA Bristol Friday Qualifying Results: Leah Pruett Takes Provisional Top Spot in Top FuelRobert Hight, Erica Enders, Gaige Herrera also come up big in session that doubled as first-round eliminations for last week's rained out New England Nationals.
Leer más »
Meet Spot: EBMUD, UC Berkeley test robotic dog for infrastructure inspectionsFor the first time in its history, the East Bay Municipal Utility District (EBMUD) used a robot for a maintenance check on one of its major water tunnels.
Leer más »