GBP/USD eases from daily peak, still well bid above 1.2400 amid broad-based USD weakness

GBP/USD eases from daily peak, still well bid above 1.2400 amid broad-based USD weakness – by hareshmenghani GBPUSD RiskAppetite Fed Inflation Currencies

A positive risk tone prompts some selling around the safe-haven USD and lends support.GBP/USD

pair catches fresh bids on Tuesday and snaps a four-day losing streak to over a one-week low, around the 1.2345 region touched the previous day. The pair sticks to its strong intraday gains heading into the North American session and trades around the 1.2435-1.2440 area, just a few pips below the daily high. meets with some supply and stalls a four-day-old recovery trend from over a two-month low touched last week, which, in turn, is seen pushing the GBP/USD pair higher.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pairs in Focus This Week \u2013 EUR/USD, USD/JPY, Gold, GBP/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of April 9th, 2022 here.
Read more »

GBP/USD surrenders gains as USD Index extends recovery ahead of US InflationThe GBP/USD pair has surrendered its entire gains generated in the early Asian session. The Cable has dropped back below 1.2420 as the US Dollar index
Read more »

GBP/USD sticks to modest intraday gains above 1.2400, lacks follow-throughThe GBP/USD pair reverses an intraday dip to sub-1.2400 levels and turns positive during the first half of the European session, though lacks follow-t
Read more »

GBP/USD shifts business above 1.2400 as anxiety among investors ahead of US Inflation recedesGBP/USD has managed to shift its auction above the round-level resistance of 1.2400 in the early European session. The Cable has attracted bids as inv
Read more »

GBP/USD Price Analysis: 1.2400 cushion looks fragile amid geopolitical tensionsThe GBP/USD pair is hovering below 1.2430 after a recovery move from the round-level support of 1.2400 in the early Asian session. Expectations for a
Read more »

GBP/USD extends four-day downtrend to 1.2400 despite Easter Monday holidayGBP/USD takes offers to refresh the intraday low near 1.2400 during early Easter Monday morning in London. In doing so, the Cable pair drops for the f
Read more »