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Home / Forex Analysis / GBP/USD Price Gains amid Weaker USD, Shy of 1.22 Ahead of US Data

GBP/USD Price Gains amid Weaker USD, Shy of 1.22 Ahead of US Data

Posted by: Forex Crunch in Forex Analysis 8 days ago

GBP/USD recovers from weekly lows on Wednesday on moderate dollar weakness. The positive sentiment on the stock markets is undermining the safe haven dollar. Recession fears, US-China tensions, and hawkish comments from Fed officials to limit dollar losses. Investors also appear cautious ahead of Thursday’s BoE and Friday’s NFP decisions. The GBP/USD price halts its … Continued
The post GBP/USD Price Gains amid Weaker USD, Shy of 1.22 Ahead of US Data appeared first on Forex Crunch.
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