LMAX Group Research Desk
LMAX Group
We’re still looking at healthy risk appetite and broad based US Dollar weakness into the mid-week. As a reminder, investors are feeling a lot better about the US economy avoiding recession and enduring a softer landing.
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GBP/USD retreats toward 1.3000 on renewed US Dollar demand
GBP/USD is pulling back toward 1.3000 in European trading on Wednesday, having hit yearly highs at 1.3052 on Tuesday. The US Dollar finds fresh demand amid a tepid risk tone, as traders await the US NFP revisions and the Fed Minutes for fresh cues on the policy path.
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