GBP/USD correction of 100 pip gap stalling as Ukraine crisis weighs By ross_burland GBPUSD Currencies Ukraine BOE
Ukraine crisis weighing on risk-currencies as US dollar firms.
GBP/USD is under pressure at the start of the week, down some 0.44% at the time of writing. The price, however, is off the lows that were printed following an opening gap of over 100 pips to 1.3307. Risk-off is the theme with US futures and Asian share prices in a sea of red as the Ukraine tensions mount.
News that Russian President Vladimir Putin has given the nuclear readiness order, saying “top officials in NATO’s leading countries have been making aggressive statements against our country,” according to a report from Russian state There were harsh sanctions imposed by Western nations on Russia over this weekend for the invasion of Ukraine.
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