GBP/USD plunges over 100 pips as the US Federal Reserve (Fed) Chairman Jerome Powell testifies at the US Senate on Tuesday. The US Dollar is rising despite US Treasury bond yields dropping. At the time of writing, the GBP/USD is trading at 1.1854 after hitting a daily high of 1.2065. Read More…
The GBP/USD pair comes under some renewed selling pressure following an early uptick to the 1.2065 area, or a multi-day top touched earlier this Tuesday and extends the downfall through the mid-European session. The pair slides back below the 1.2000 psychological mark in the last hour and is pressured by the emergence of fresh US Dollar buying. Read More…
The GBP/USD pair struggles to capitalize on its intraday positive move to a four-day peak and meets with a fresh supply near the 1.2065 region on Tuesday. Spot prices retreat to the lower end of the daily range, around the 1.2020-1.2015 region during the first half of the European session and remain at the mercy of the US Dollar price dynamics. Read More…
