Investors are worried about the economic effects of new COVID-19 restrictions in China. There is little hope for an early relaxation of China’s COVID-19 restrictions. Markets are placing an 80% probability of a 50bps Fed hike in December. Today’s GBP/USD outlook is bearish. Sterling fell on Monday as investors worried about the economic effects of … Continued
The post GBP/USD Outlook: No Respite for Buyers as Greenback Recovers appeared first on Forex Crunch.
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