GBP/USD approaches monthly top surrounding 1.2350, focus on BoE’s Bailey, banking risk – by anilpanchal7 GBPUSD BOE Fed RiskAversion YieldCurve
e Cable buyers. Adding strength to the quote’s upside momentum could be the hopes of witnessing hawkish comments from Bank of England Governor Andrew Bailey, especially after he spoke the same the previous day.
On the other hand, the global policymakers’ efforts via stretched emergency credit lines to troubled banks and deposit insurance schemes underpin the firmer sentiment and weigh on the US Dollar, which in turn propels GBP/USD price. Recently adding strength to the risk-on mood and weighing on the greenback are comments from the central bank officials pushing back the banking crisis concerns and the Silicon Valley Bank deal.
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Pairs in Focus This Week \u2013 EUR/USD, Gold, GBP/USD, USD/JPYGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of March 26th, 2022 here.
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GBP/USD faces further range bound near term – UOBIn the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD should keep the side-line theme well in place for
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