GBP/USD sticks to modest recovery gains above mid-1.2000s, upside potential seems limited – by hareshmenghani GBPUSD China Fed BOE Currencies
pair hovers near the daily top, around the 1.2060 area through the first half of the European session, though lacks follow-through amid strong follow-through US Dollar buying.
In fact, the USD Index, which tracks the greenback against a basket of currencies, is seen building on Friday's solid bounce from a nine-month low and drawing support from a combination of factors. The upbeat US monthly jobs report forced investors to scale back their expectations for an imminent pause in the Fed's policy-tightening cycle. This, in turn, pushes the US Treasury bond yields higher and continues to boost the greenback.
Expectations that the US central bank will stick to its hawkish stance for longer fuel concerns about economic headwinds stemming from the continuous rise in borrowing costs. Adding to this, fears of worsening US-China relations take its toll on the global risk sentiment, which is evident from a generally weaker tone around the equity markets.
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 \u2013USD/JPY, EUR/USD, GBP/USD, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of February 5th, 2022 here.
Leer más »
GBP/USD: Weekly Forecast 5th February-11th FebruaryAfter touching the 1.24000 vicinity in the middle of last week the GBP/USD managed to essentially destroy a lot of short term bullish optimism with one sword.
Leer más »
GBP/USD Price Analysis: Sees continuation of its downside journey below 1.1850The GBP/USD pair has dropped below the critical support of 1.2050 in the early Tokyo session on expectations that the Federal Reserve (Fed) will conti
Leer más »
GBP/USD slides towards 1.2000 as Cable traders await Fed/BoE talks, UK GDPGBP/USD stands on slippery grounds as it extends the previous weekly downturn towards 1.2000 psychological magnet, down for the third consecutive day
Leer más »
GBP/USD attempts to cross 1.2050, downside looks likely amid US-China tensionsThe GBP/USD pair has attempted to extend its rebound move above the critical resistance of 1.2050 in the Tokyo session. The Cable gauged an intermedia
Leer más »
GBP/USD may heavily test 1.2000 soon – INGGBP/USD fell sharply in the second half of the previous week and touched its lowest level in a month at 1.2033. Economists at ING expect the pair to c
Leer más »