GBP/USD plunges below 1.3100 on mixed sentiment and firm greenback By christianborjon GBPUSD Majors Macroeconomics Technical Analysis
ers expect a 50 bps increase to the Federal Funds Rate by the US central bank. Alongside that, the market mood is mixed as European bourses rise, while across the pond, equities fluctuate. At the time of writing, the GBP/USD is trading at 1.3078.US Dollar Index
Factors like China’s Covid-19 Omicron outbreak and the continuation of the conflict between Russia and Ukraine keep investors uneasy. The Russian Foreign Minister Lavrov said that a meeting between Zelenskiy and Putin would be counter-productive, while the Kremlin emphasized that there has been no progress.
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