The GBP/USD pair jumps from YTD lows after US economic data reignited recession fears. US S&P Global PMIs were mixed, though reignited recession fears.The GBP/USD is trading at 1.1860, after hitting a YTD low at 1..1716, so the major swang more than 100 pips as a reaction to the abovementioned …
Read More »Market Drivers – US Session – Friday, July 22
The US yield curve is still inverted, this has continued for 14 successive days. Fragile market sentiment prevailed on Friday, as equities are seesawing, due to US S&P Global PMI data, flashing a contraction in the services sector and its Composite index, while traders seek safety towards US Treasuries, with …
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