Fundamental OverviewThe weak US NFP report last Friday triggered risk-off flows. Things got dire on Monday as the Japanese Nikkei dropped 12% overnight and we saw a general selloff in global stock markets. At one point, the markets saw the Fed cutting rates by 136 bps by year-end and some chances of an emergency rate cut. Although the volatility calmed down a bit and markets recovered the Monday’s losses, the expectations haven’t changed much as the market is still pricing a higher probability for a 50 bps cut by the Fed in September and a total of 103 bps by year-end. The GBP gained against the USD on Friday due to the aggressive rate cuts pricing for the Fed but eventually gave way to the
Hence then, the article about gbpusd technical analysis the risk sentiment remains fragile was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( GBPUSD Technical Analysis – The risk sentiment remains fragile )