The EUR/GBP accelerated the move to the upside and jumped to 0.8601, reaching the highest level since July 6. While the euro is among the best performers, the pound is under pressure amid risk aversion. Read More…
The GBP/USD pair struggles to capitalize on its modest intraday uptick to the 1.1760 area and the previous YTD lows of July. After air-kissing those lows goodbye the pair appears to have retreated even further south during the early North American session. Cable is currently placed around the 1.1660 mark and remains well within the striking distance of its lowest level since March 2020, in the 1.1640s, touched the previous day. Read More…
In the United Kingdom, inflation is likely to be fuelled further, increasing pressure on the Bank of England (BoE). Thus, GBP/USD seems to continuously trend weaker at present, economists at Commerzbank report. Read More…
This article was originally published by Fxstreet.com. Read the original article here.