GBP/USD holds comfortably above 1.3200 mark, moves little post-UK macro data.

GBP/USD struggled to capitalize on the overnight modest recovery gains from a one-year low.

Reduced BoE rate hike bets, mostly disappointing UK macro data capped gains for the GBP.

An uptick in the US bond yields, hawkish Fed expectations acted as a tailwind for the buck.

Investors, however, preferred to wait on the sidelines ahead of the US consumer inflation.

The GBP/USD pair held on to its modest intraday gains near the 1.3220-25 region and had a rather muted reaction to the UK macro data dump.

Subscribe now! 

Leave a Comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s