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GBP/USD: Bear Control Continues

GBP/USD: Bear Control Continues

At the end of last week’s trading, both the pound sterling and the euro jumped against the US dollar after Federal Reserve Chairman Jerome Powell said in a speech that US financial conditions have recently tightened significantly. Therefore, this may have an impact on future decisions related to US interest rates. However, the gains of the upward rebound of the GBP/USD currency pair did not exceed the level of 1.2191 before it closed trading around the level of 1.2160, as pressure on the pound sterling continues. Inflation in Focus Fed Governor Powell declared in a speech in New York, “Financial conditions have … (full story)

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