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The US dollar continued to press higher deep into the European session, supported by the slump in the bond markets as yields broke out across the curve. Following the recent hawkish Fed rate hike, yield spreads between the US and the rest of the world has continually increased, and that motion continued today, helped in part by some forecast-beating US macro data and hawkish Fed commentary.
Sterling has slipped below its 200-day moving average as downside momentum carries GBP/USD toward another major technical support zone.
GBP/USD struggles as UK government borrowing exceeds forecasts, putting pressure on Healey ahead of the Budget. DAX eases back after yesterday's gains as oil prices and political headwinds rise.
Sr. Technical Strategist Michael Boutros highlights the levels that matter on the DXY, GBP/USD and Bitcoin charts this week.
Oil falls as US-Iran diplomatic hopes rise again. GBP/USD struggles on Fed-BoE divergence.
Sterling selling has intensified after the September range broke lower, with GBP/USD now confronting a major Fibonacci support zone.
GBP/USD struggles around a 6-week low ahead of the BoE rate decision. USD/JPY in focus after a hawkish Fed hike ahead of the BoJ meeting.
GBP/USD unchanged after UK inflation rises and ahead of the Fed rate decision. EUR/USD looks to the FOMC rate decision.
GBP/USD steadies near support as traders await UK CPI and the Fed, while rising BoE hike expectations keep sterling risks firmly in focus.
GBP/USD is locked within a tight technical range, with the Fed and BoE decisions poised to provide the catalyst for the next major move.
Sr. Technical Strategist Michael Boutros highlights the levels that matter on the Sterling, Swiss Franc and Bitcoin charts ahead of this week's Fed decision.
GBP/USD rebounds as UK GDP and output beat expectations, while BoE hike bets build ahead of US inflation data.
Oil rises to $100 as U.S.-Iran hostilities escalate. GBP/USD struggles at 1.3550 as BoE's Bailey pushes back on rate hike expectations.
