- The US Dollar appears to be stabilising in early European trade on Thursday, weakening GBP/USD, EUR/USD, AUD/USD and NZD/USD.
- Despite the chaos in Washington DC risk appetite remains, suggesting further Dollar weakness on safe haven outflows and increased demand for riskier assets & currencies such as the British Pound.
GBP/USD HIT BY MODEST RALLY IN USD
The British Pound is mildly weaker in early trade on Thursday owing to a pick up in USD demand. Even so, the selloff in the greenback could resume soon as market optimism remains..
GBP/USD continues to advance within a well-defined channel dating back to September 2020.
Currencylive.com is a news site only and not a currency trading platform. Currencylive.com is a site operated by TransferWise Inc. ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.
