GBP/USD plunges below 1.1900 on hawkish remarks by Federal Reserve Chair Powell GBPUSD Majors Macroeconomics Technical Analysis Fed
Hawkish commentary by the US Federal Reserve Chair Jerome Powell at the Senate keeps investors assessing a 50 bps hike in March.
The GBP/USD dived from around 1.2000 toward the daily low of 1.1848 as Powell’s Q&A with US Senators ended. However, the GBP/USD meanders around 1.1860s.and now think that a more significant increase of half a point is more probable than a smaller one of a quarter point for the Fed’s meeting on March 22.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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