{"id":220452,"date":"2023-12-29T03:27:28","date_gmt":"2023-12-28T21:57:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=220452"},"modified":"2023-12-29T03:27:28","modified_gmt":"2023-12-28T21:57:28","slug":"gbp-usd-tumbles-from-20-week-high-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-tumbles-from-20-week-high-crypto-news\/","title":{"rendered":"GBP\/USD tumbles from 20-week high &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<div>\n<p>The GBP\/USD rose in early Thursday\u2019s trading window, climbing to a 20-week high before slumping back and seeing a downside extension sparked by an unexpected climb in US Treasury yields during a 7-year T-note auction.<\/p>\n<p>The US Dollar (USD) is now flat on the week against the Pound\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">Sterling<\/a>\u00a0(GBP), declining nearly 0.9% from Thursday\u2019s high as the GBP\/USD heads back towards the 1.2700 handle. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-tumbles-from-20-week-high-as-markets-reverse-flows-back-into-the-us-dollar-aimed-for-12700-202312282001\">Read More&#8230;<\/a><\/p>\n<\/p>\n<\/div>\n<div>The Pound Sterling (GBP) fell\u00a0vertically from\u00a0fresh four-month high but is looking to recover\u00a0as investors hope that the Bank of England (BoE) may maintain a restrictive\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">monetary policy<\/a>\u00a0stance, knowing that inflation\u00a0in the United Kingdom economy is highest in comaprison with other Group of Seven economies. The GBP\/USD pair struggles\u00a0to continue\u00a0winning streak as the risk-appetite of the market participants has reduced despite\u00a0early rate cut expectations from the Federal Reserve (Fed). <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-rallies-on-improved-risk-appetite-202312280746\">Read More&#8230;<\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/GBP_USD-638393463715287024.png\" \/><\/div>\n<div>The GBP\/USD pair extends its upside above the 1.2800 mark during the Asian trading hours on Thursday. The decline in inflationary pressure in the US economy and dovish comments from the Federal Reserve (Fed) have dragged the US Dollar (USD) lower and lent some support to GBP\/USD. At press time, the major pair is trading at 1.2810, up 0.09% on the day. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-holds-above-12800-amid-the-usd-weakness-focus-on-us-jobless-claims-202312280219\">Read More&#8230;<\/a><\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The GBP\/USD rose in early Thursday\u2019s trading window, climbing to a 20-week high before slumping back and seeing a downside extension sparked by an unexpected climb in US Treasury yields during a 7-year T-note auction. The US Dollar (USD) is now flat on the week against the Pound\u00a0Sterling\u00a0(GBP), declining nearly 0.9% from Thursday\u2019s high [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":7697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,641,255,250,252,247,253,249,308,256,254],"class_list":["post-220452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/220452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=220452"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/220452\/revisions"}],"predecessor-version":[{"id":220454,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/220452\/revisions\/220454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7697"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=220452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=220452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=220452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}