GBP/USD Price Analysis: Bulls are moving in and eye a key imbalance of price
As per the prior analysis from the New York session on Tuesday, GBP/USD Price Analysis: Bulls move in from critical hourly support, the bears are potentially lurking higher up as the price corrects from the well-extablished lows as the following update will show.
GBP/USD ignores UK PM Truss’ push for prosperity below 1.1400, focus on central banks, politics
GBP/USD holds lower ground near the 37-year bottom, close to 1.1375, as market braces for the US Federal Reserve’s (Fed) monetary policy announcement during early Wednesday in Asia. In doing so, the Cable pair ignores recently positive updates from the UK’s political frontier, as well as Brexit, amid fears that the divergence between the Fed and the Bank of England (BOE) is likely to remain wider.
This article was originally published by Fxstreet.com. Read the original article here.