The British Pound (GBP) still trades on the back foot against the US Dollar (USD) slumps below the 1.2200 psychological level, with sellers setting th
eir sights on the 1.2000 figure. The GBP/USD is trading at 1.2159 after hitting a daily high of 1.2215.
Wall Street finished the session with losses as risk aversion continues to dominate the financial markets narrative. Traders bracing for the “higher-for-longer” Federal Reserve’s mantra has kept the Greenback rallying due to high US bond yields. Recently, other Fed speakers commented that the US central bank needs patience, while others like Fed Governor Bowman stressed that another interest rate hike is needed. Hence, based on the latest “dot plots” reported in September’s Summary of Economic Projections , thewould hike 25 bps toward the end of the year and would keep rates above the 5% threshold through all the next year.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
GBP/USD hangs near multi-month low, seems vulnerable around 1.2200 amid bullish USDThe GBP/USD pair enters a bearish consolidation phase during the Asian session on Tuesday and oscillates in a range just above its lowest level since
Baca lebih lajut »
GBP/USD Price Forecast: Pound Collapses Below 1.22GBP prices dropped to multi-month lows this Tuesday as US bond market moves supported USD upside.
Baca lebih lajut »
GBP/USD consolidates in a range below mid-1.2200s, seems vulnerable near multi-month lowThe GBP/USD pair is seen oscillating in a narrow trading band during the Asian session on Monday and consolidating its recent losses to the lowest lev
Baca lebih lajut »
GBP/USD Price Analysis: Remains on the defensive below the 1.2250 mark amid the oversold conditionThe GBP/USD pair remains on the defensive below the mid-1.2200s during the Asian session on Monday. Market players await the release of the UK’s Gross
Baca lebih lajut »
Pound Sterling Price News and Forecast: GBP/USD slumps on last week’s BoE’s dovish stanceGBP/USD Price Analysis: Remains on the defensive below the 1.2250 mark amid the oversold condition The GBP/USD pair remains on the defensive below th
Baca lebih lajut »
Pound Sterling Price News and Forecast: GBP/USD eyes a test of 1.2200The Pound Sterling (GBP) faces selling pressure as investors start worrying about the United Kingdom’s weak economic outlook and upside risks to infla
Baca lebih lajut »