GBP/USD dips further below 1.2300 amidst US Dollar strength, BoE rate cut speculations

BY admin admin

GBP/USD extends its losses past the 1.2300 figure after failing to decisively crack the 200-day moving average (DMA) due to overall US Dollar (USD) strength despite falling US bond yields.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

USD/JPY: Downside pressure alleviated above 139.50 – UOB

The selling pressure in USD/JPY should mitigate on a breakout of the 139.50 level, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang

Forex

What are Bullish and Bearish Markets?

<p><span data-contrast="auto">You often hear the words bullish and bearish from traders. These words may sound foreign to you but here, we will di</span><span data-contr

Forex

Breaking: ISM Non-Manufacturing PMI plummets to 41.8 in April vs. 36.8 expected

The economic activity in the US' service sector contracted at a strong pace in April with the Institute for Supply Management's (ISM) Non-Manufacturin

Copyright © 2024 | WordPress Theme: Xews Lite