GBP/USD hits YTD high amid USD weakness – Crypto News – Crypto News
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GBP/USD hits YTD high amid USD weakness GBP/USD hits YTD high amid USD weakness

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GBP/USD hits YTD high amid USD weakness – Crypto News

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GBP/USD climbs to a new year-to-date (YTD) high at 1.2867, amid overall US Dollar (USD) weakness, after the major printed a daily low of 1.2750. The GBP/USD exchange hands at 1.2864, gains 0.21%, helped by falling US Treasury bond yields, even though US Federal Reserve (Fed) speakers suggested further rate hikes needed. Read More…

The Pound Sterling (GBP) has delivered a recovery move as market participants ahead of a speech from Bank of England (BoE) Governor Andrew Bailey on Monday at 15:00 GMT. Earlier, the bias for the GBP/USD pair softened as investors are anxious due to expectations of more interest rate hikes from the BoE. Read More…

Further upside momentum could lift GBP/USD to the 1.2900 region while above 1.2850, note UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…

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