GBP/USD breaks below 1.2000 figure after US economic data justify further tightening by US Federal Reserve (Fed) as reflected in US Treasury bond yield reaction i am back. At entry, the GBP/USD exchange hand is at 1.1950, 0.66% lower than the opening price. read more…
The GBP/USD pair will come under strong selling pressure on Thursday, extending its intraday downward trajectory into the North American session. The pair is now below the mid-1900s, down more than 0.60% on the day and staying very close to the weekly low it touched on Monday. read more…
The GBP/USD pair fell through the first half of the European session under renewed selling pressure following yesterday’s good two-way price action. A downward trajectory has brought the spot price closer to the mid-1900s over the past hour, well within the technically important 200-day Simple Moving Average (SMA). read more…