The GBP/USD pair stalls its decline and holds below the 1.2200 mark during the Asian session on Wednesday. A decline of the US Dollar (USD) and a retr
GBP/USD Price Analysis: Stalls its decline, the key upside barrier is seen at 1.2200 eat in US Treasury bond yields lend some support to the pair. However, the renewed safe-haven flows amid the geopolitical conflicts in the Middle East and the higher-for-longer rate narrative in the US might cap the USD’s downside for the time being. The pair is adding 0.08% on the day to trade at 1.2170 at press time.
Retreating US Treasury bond yields, along with a generally positive risk tone, fail to assist the safe-haven Greenback to build on the previous day's solid rebound from over a one-month low, which, in turn, is seen as a key factor acting as a tailwind for the GBP/USD pair.
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