GBP/USD remains on the defensive below 1.3200 mark, not out of the woods yet
09.12.2021, 13:16

GBP/USD remains on the defensive below 1.3200 mark, not out of the woods yet

  • GBP/USD witnessed some selling on Thursday and was pressured by a combination of factors.
  • Reduced BoE rate hike bets, Brexit woes continued acting as a headwind for the British pound.
  • A softer risk tone benefited the safe-haven greenback and also contributed to the selling bias.

The GBP/USD pair remained on the defensive heading into the North American session, albeit has managed to recover a few pips from the daily swing low. The pair was last seen trading just below the 1.3200 mark, still down over 0.20% for the day.

The pair struggled to capitalize on the overnight bounce from the 1.3160 area, or the lowest level since November 2020 and witnessed fresh selling on Thursday. The imposition of strict COVID-19 restrictions in the UK forced investors to scale back their bets for an imminent interest rate hike by the Bank of England. This, along with persistent Brexit-related uncertainties, continued acting as a headwind for the British pound.

On the other hand, the US dollar attracted fresh buying and reversed a part of the overnight profit-taking slide amid a generally weaker tone around the equity markets. Apart from this, hawkish Fed expectations further underpinned the greenback and exerted some downward pressure on the GBP/USD pair. The downside, however, remains cushioned as investors preferred to wait on the sidelines ahead of Friday's release of the US consumer inflation figures.

The markets have been pricing in the possibility for an eventual Fed liftoff in May 2022 amid worries about rising inflationary pressures. Hence, the US CPI report would influence the Fed's decision to taper its stimulus at a faster pace and set the stage for a rate hike. This, in turn, will drive the USD demand and provide a fresh impetus to the GBP/USD pair.

In the meantime, traders might take cues from Thursday's release of the US Weekly Initial Jobless Claims data. Apart from this, developments surrounding the coronavirus saga and the broader market risk sentiment would allow traders to grab some short-term opportunities around the GBP/USD pair.

Technical levels to watch

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik