GBP/USD eases from daily peak, still well bid above 1.2400 amid broad-based USD weakness – by hareshmenghani GBPUSD RiskAppetite Fed Inflation Currencies
A positive risk tone prompts some selling around the safe-haven USD and lends support.GBP/USD
pair catches fresh bids on Tuesday and snaps a four-day losing streak to over a one-week low, around the 1.2345 region touched the previous day. The pair sticks to its strong intraday gains heading into the North American session and trades around the 1.2435-1.2440 area, just a few pips below the daily high. meets with some supply and stalls a four-day-old recovery trend from over a two-month low touched last week, which, in turn, is seen pushing the GBP/USD pair higher.
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