GBP/USD extends losses, with 1.3200 at risk amid intensifying risk-off trades.

Uncertainties around Omicron restrictions in the UK pound the pound.

USD fails to benefit from risk-off flows, as Treasury yields sink across the curve.

GBP/USD is trading close to 1.3200, meandering near daily lows, as the sentiment around the pound remains weighed down by the growing uncertainties surrounding the Omicron covid variant-induced restrictions in the UK.

The latest selling wave was triggered by the comments from the UK Deputy Prime Minister Dominic Raab, citing that he cannot guarantee further restrictions, as the Kingdom nears the festive period.

Leave a Comment

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

WordPress.com Logo

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

Twitter picture

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

Facebook photo

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

Connecting to %s