GBP/USD resists welcoming bears above 1.2200, UK inflation, Brexit vote and Fed eyed – by anilpanchal7 GBPUSD Fed Inflation Brexit RiskAversion
hallenging the quote could be the market’s cautious mood ahead of the key data/events as the Federal Reserve decision data begins.pair’s latest losses could be linked to the improvement in the market’s sentiment and a rebound in the US Treasury bond yields that allowed the US Dollar to pro recent south-run at the five-week low.
Among them US Treasury Secretary Janet Yellen’s comments gained major attention as she said, "Treasury, Fed, FDIC actions reduced risk of further bank failures that would have imposed losses on deposit insurance fund.
Also important will be the UK’s Consumer Price Index data for February, expected 9.8% YoY versus 10.1% prior, as the same could hint the Bank of England’s action on the “Super Thursday”.
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