British Pound Technical Analysis: GBP/USD Nosedives After Fed Meeting
The British Pound (GBP) continues to decline against the greenback after hawkish Fed press boosts demand for the safe-haven Dollar
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The British Pound (GBP) continues to decline against the greenback after hawkish Fed press boosts demand for the safe-haven Dollar
The turn higher by GBP-crosses may have more room to run through the end of 2021.
It’s a big week for the beleaguered British Pound, with job numbers, CPI and a rate decision all on the calendar to go along with a major FOMC rate meeting on Wednesday.
BOE rate hikes may have risen, but the Sterling is still struggling against the major commodity currencies.
Hawkish commentary from the new Bank of England chief economist has lifted the British Pound.