GBP/USD fell to its lowest level since late December at 1.3271 on Thursday. While above 1.3250, cable is expected to enjoy a rebound towards 1.3565 and the recent peak of 1.3644, economists at Société Générale report.
Bounce expected.“Projections at 1.3250 is first support. Defending this can lead to a bounce towards 1.3565 and recent peak of 1.3644.”“December low of 1.3160/1.3130 is crucial support.”
EUR/USD drops below 1.1200 as Russia-Ukraine tensions mount.EUR/USD is trading under pressure below 1.1200, as the US dollar catches a fresh bid in a renewed risk-aversion wave. Reports that Russia is closing in on Kyiv is spooking markets. US inflation and Biden-NATO meeting eyed.
GBP/USD erases gains below 1.3400 as Russia closes in on Kyiv.GBP/USD is paring back gains while falling below 1.3400, as risk-off flows return on reports of Russia looking to attack Kyiv yet again. The safe-haven US dollar is finding fresh demand ahead of the key US data and NATO meeting.
GBP/USD News .
Gold to remain volatile around $1,917 amid Russia-Ukraine war.Gold price braces for yet another turbulent
day, with volatility to remain through the roof amid incoming updates on the Russia-Ukraine war. Russia is reportedly ready for taking control of Kyiv.
GBP/USD erases gains below 1.3400 as Russia closes in on Kyiv.GBP/USD is paring back gains while falling below 1.3400, as risk-off flows return on reports of Russia looking to attack Kyiv yet again. The safe-haven US dollar is finding fresh demand ahead of the key US data and NATO meeting.
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