GBP/USD remains confined in a range, holds above mid-1.2400s ahead of US GDP – by hareshmenghani GBPUSD Bonds Fed GDP Currencies
A further rise in the US bond yields lends support to the USD and caps gains for the major.GBP/USD pair
struggles to gain any meaningful traction on Thursday and oscillates in a narrow trading band through the first half of the European session. The pair is currently placed just above mid-1.2400s, nearly unchanged for the day, though the downside seems cushioned amid subdued US Dollar price action. The uncertainty over the Federal Reserve's rate-hike path, along with a slight recovery in the global risk sentiment, fail to assist the safe-haven buck to capitalize on the overnight bounce from a nearly two-week low and lend support to the GBP/USD pair. Fresh concerns about banking contagion risks in the United States , along with the debt ceiling standoff and looming recession fears, have been fueling speculations about an imminent rate cut by the Fed later this year.
The markets, however, have been pricing in a greater chance of another 25 bps lift-off at the next FOMC policy meeting in May. This remains supportive of a further rise in the US Treasury bond yields, which acts as a tailwind for the Greenback and seems to cap the upside for the GBP/USD pair, at least for the time being. Moreover, the recent repeated failures to find acceptance above the 1.2500 psychological mark warrants some caution before positioning for any further gains.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
GBP/USD climbs back above mid-1.2400s, refreshes daily high amid broad-based USD weaknessThe GBP/USD pair regains positive traction on Wednesday and reverses a major part of the previous day's retracement slide from over a one-week high -
続きを読む »
GBP/USD sticks to gains near daily peak, comfortably above mid-1.2400s post-US dataGBP/USD sticks to gains near daily peak, comfortably above mid-1.2400s post-US data – by hareshmenghani GBPUSD RiskAppetite Fed EconomicIndicator Currencies
続きを読む »
GBP/USD bulls take a breather below 1.2500 as US Q1 GDP loomsGBP/USD struggles to defend the previous day’s gains, the heaviest in three weeks, as the US Dollar buyers turn cautious ahead of the key US Q1 GDP. T
続きを読む »
GBP/USD Forex Signal: Slowly Approaches the YTD HighThe British pound drifted upwards on Monday and Tuesday morning ahead of key economic numbers from the United States.
続きを読む »
GBP/USD sinks from weekly high as risk aversion takes holdGBP/USD reverses its earlier course after hitting a weekly high of 1.2507 and drops towards the 1.2400 figure amidst a risk-off impulse that triggered
続きを読む »
GBP/USD Price analysis: Bears stacked up to test trendline supportThe safe-haven US dollar rose on Tuesday as market sentiment turned risk-averse amid further worries about the banking sector. This has flipped the te
続きを読む »