The GBP/USD pair remains on the defensive during the early Asian session on Wednesday. The major pair faces rejection near the 1.2200 mark. Market players await the highly anticipated Federal Open Market Committee (FOMC) policy meeting on Wednesday ahead of the Bank of England (BoE) on Thursday. These events might trigger the volatility in the market. GBP/USD currently trades near 1.2139, losing 0.11% on the day. Read More…
In Tuesday’s session, the GBP/USD traded in the 1.2120 – 1.2200 range, closing with mild losses around 1.2150. On the USD side, it gained momentum with the DXY Index, advancing to 106.70, mainly driven by a cautious market mood. In that sense, as the economic calendar was empty with no relevant reports released by the US or the UK, the Greenback’s strength explained the pair’s trajectory. Read More…
The Pound Sterling (GBP) drops vertically as investors’ risk appetite fades due to upside risks to Middle East tensions. Sterling weakens against the US Dollar as the latter recovers ahead of the interest rate decision by the Federal Reserve (Fed). Read More…
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