Conflux Protocol Shuts Down This Key Feature After 2 Years
OKX to delist 26 trading pairs and several high-risk tokens 
GBPUSD daily

A worrisome candle is shaping up on the daily cable chart. The pair rose to the highest since September 14 today at 1.2428 but it’s since given back all the daily gains in a fall to 1.2371 as is trading fractionally lower.

The Bank of England last week followed the Fed to the sidelines but the pound has benefited from a broadly weakening US dollar and positive risk appetite.

US equities are trading slightly lower today after small losses in Europe. That comes with Treasury yields rebounding 7-9 bps across the curve today.

Overall, I wouldn’t be too worried about the pound or the intraday reversal yet. The moves last week were big so some back-and-fill now isn’t surprising.

Source link

About the Author: Editorial team of BIPNs

Main team of content of Any type of content should be approved by us.

Share your opinion. And leave a reply within the comments from below.

All Crypto Coins here »