GBP/USD grinds near one-month high below 1.2200 ahead of UK employment, US CPI – by anilpanchal7 GBPUSD RiskAppetite Inflation Employment CentralBanks
That said, the quote’s previous losses could be linked to the broad-based US Dollar slump. began the week’s trading on a back foot, printing a three-day south-run while declining the most in two months on Monday. With this, the greenback’s gauge versus the six major currencies traced the US Treasury bond yields as hawkish bets on the Federal Reserve reverberate.
US banking regulators undertook joint actions to tame the risks emanating from SVB and Signature Bank during the weekend. While announcing the plan, US President Joe Biden noted on Monday that investors in those banks will not be protected and reminded that "no one is above the law." However, the US President also vowed to take whatever action was needed to ensure the safety of the US banking system, per Reuters.
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