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GBP/USD holds higher on softer dollar but gains aren't all that meaningful

GBP/USD holds higher on softer dollar but gains aren't all that meaningful

It was looking good for GBP/USD buyers until we got a dose of reality check last week amid a more hawkish Fed and dovish BOE. The attempted upside breakout above the August highs was quickly dealt a blow and right now, we're sort of testing the appetite of both buyers and sellers heading into the turn of the year.

The heavy drop back below the August highs at 1.2276-93 saw sellers regain back some control, with the... Read More

Posted: Dec 19 2022, 10:20
Author Name: forexlive
Views: 110546

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