GBPUSD : Hold breath waiting for a new signal from the market
Updated
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Today, the GBP/USD pair remains on the defensive around 1.2495 at the start of the Asian session. The US dollar continued to gain for the third consecutive day, putting pressure on the recovery of GBPUSD, which appeared unchanged from yesterday. The outlook for further price declines remains intact.
Currently, the market is moving into a cautious mode ahead of the Bank of England's (BoE) interest rate decision later today and no changes to interest rates are expected. Additionally, the US weekly initial jobless claims report will be released, followed by a speech by the Federal Reserve's Mary Daly.
Today, the GBP/USD pair remains on the defensive around 1.2495 at the start of the Asian session. The US dollar continued to gain for the third consecutive day, putting pressure on the recovery of GBPUSD, which appeared unchanged from yesterday. The outlook for further price declines remains intact.
Currently, the market is moving into a cautious mode ahead of the Bank of England's (BoE) interest rate decision later today and no changes to interest rates are expected. Additionally, the US weekly initial jobless claims report will be released, followed by a speech by the Federal Reserve's Mary Daly.
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