GBP/USD bears stay on top in US session, taking out 1.2200 – Crypto News – Crypto News
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GBP/USD faces barricades around 1.1250 as hawkish Fed bets soar GBP/USD faces barricades around 1.1250 as hawkish Fed bets soar

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GBP/USD bears stay on top in US session, taking out 1.2200 – Crypto News

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GBP/USD bears stay on top in US session, taking out 1.2200

GBP/USD was down 0.27% at 1.2194 after rising to its highest since mid-December to 1.2288 from a low of 1.2170 while traders await UK jobs and inflation data due later this week for clues on Bank of England (BoE) monetary policy plans. Read More…

In the opinion of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, further upside in GBP/USD needs to leave behind the 1.2270 level in the next few weeks. Read More…

The GBP/USD The pair retreats from a one-month high touched earlier this Monday and remains on the defensive through the early North American session, though lacks follow-through. The pair is currently placed around the 1.2200 mark and is weighed down by a modest US Dollar strength. Read More…

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