On Thursday, the GBP/USD turned south and seems to be heading to the 200-day Simple Moving Average (SMA) at 1.2420 for a restest. A resilient USD and falling British yields are responsible for the pair’s movements. Read More…
The Pound Sterling (GBP) cracked significantly amid increasing risk-aversion and dovish remarks from Bank of England (BoE) Governor Andrew Bailey and policymaker Swati Dhingra about September’s monetary policy decision. The GBP/USD pair is expected to remain on tenterhooks as policy divergence between the BoE and the Federal Reserve (Fed) is likely to persist if the UK’s central bank decides to pause the policy-tightening spell. Read More…
Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group suggest GBP/USD risks a deeper retracement in the short-term horizon. Read More…
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