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GBP/USD seals breakout move on the week, what's next?

The pair is up nearly 2% on the week, no thanks in part to some heavy dollar selling yesterday as traders finally picked a side after the Fed meeting. But the pound side of the equation itself is also faring quite well, with the currency bolstered by a hotter UK jobs report earlier this week here.That is keeping bets for further BOE rate hikes alive and with markets still unsure about the Fed, we are seeing a bit of a divergence in fortunes for the dollar and pound. GBP/USD has now broken resist... Read More

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Posted: Jun 16 2023, 10:23

Author Name: forexlive

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