GBP/USD hits fresh yearly lows under 1.2100 as weak UK data weighs on BoE tightening bets

GBP/USD remained under pressure on Tuesday, hitting fresh annual lows under 1.2100 though recently bouncing a little post-soft US PPI data. The pair has dropped hard this week with soft UK data weighing on BoE tightening bets as Fed tightening bets rise. The Fed and BoE’s policy announcements on Wednesday and Thursday are this week’s … Read more

EUR/USD recovers to 1.0450 area, but still eyeing annual lows as big risk events loom

EUR/USD has recovered to the 1.0450 area on Tuesday after briefly dipping under 1.0400 and eyeing annual lows on Monday. Hawkish ECB speak might be helping for now, but most traders will refrain from placing big bets pre-Fed. The potential for further risk-off flows means the pair remains at risk of hitting fresh annual lows. … Read more