GBP/USD bears stay on top in US session, taking out 1.2200
GBP/USD was down 0.27% at 1.2194 after rising to its highest since mid-December to 1.2288 from a low of 1.2170 while traders await UK jobs and inflation data due later this week for clues on Bank of England (BoE) monetary policy plans. Read More…
GBP/USD: Extra advance needs to clear 1.2270 – UOB
In the opinion of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, further upside in GBP/USD needs to leave behind the 1.2270 level in the next few weeks. Read More…
GBP/USD remains on the defensive, hovers around 1.2200 mark ahead of BoE’s Bailey
The GBP/USD pair retreats from a one-month high touched earlier this Monday and remains on the defensive through the early North American session, though lacks follow-through. The pair is currently placed around the 1.2200 mark and is weighed down by a modest US Dollar strength. Read More…
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Tama Paris