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Home / Forex Analysis / GBP/USD Price Crashes as DXY Rallies Ahead of FOMC, Eying 1.2165

GBP/USD Price Crashes as DXY Rallies Ahead of FOMC, Eying 1.2165

Posted by: Forex Crunch in Forex Analysis June 13, 2022

A new lower low could really activate a larger downside movement. DXY’s further growth should force the USD to dominate the currency market. After its massive drop, we cannot exclude a minor rebound. The GBP/USD price plunged as the Dollar Index accelerated its growth. The currency pair was trading at 1.2203 at the time of … Continued
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