{"id":67056,"date":"2022-06-14T20:12:15","date_gmt":"2022-06-14T16:12:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=67056"},"modified":"2022-06-14T20:12:18","modified_gmt":"2022-06-14T16:12:18","slug":"gbp-usd-drops-below-1-2000-for-the-first-time-since-march-2020","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-usd-drops-below-1-2000-for-the-first-time-since-march-2020\/06\/14\/market-updates\/","title":{"rendered":"GBP\/USD drops below 1.2000 for the first time since March 2020"},"content":{"rendered":"\n<p>The GBP\/USD pair hit levels under 1.2000 for the first time since March 2020. The pound remains under pressure even as market participants and traders expect a rate hike from the Bank of England on Thursday.<br><br>The pound weakened earlier on Tuesday following UK employment data. Brexit concerns and also the rally in EUR\/GBP that broke a multi-day range, hitting one-year highs also weighed on sterling.<br><br>The British pound has been under pressure after weaker than expected UK data, meanwhile, the US dollar strengthens as US yields print fresh multi-year highs. Wall Street turns red again as FOMC meets.<br><br>On the contrary, the dollar remains firm ahead of the Fed\u2019s decision on Wednesday. US yields are at multi-year highs as expectations for a 75bp rate hike rise. The US Dollar Index gains 0.20% and trades at 105.40, the highest level since December 2002.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/USD pair hit levels under 1.2000 for the first time since March 2020. The pound remains under pressure even as market participants and traders expect a rate hike from the Bank of England on Thursday.The pound weakened earlier on Tuesday following UK employment data. Brexit concerns and also the rally in EUR\/GBP that broke &hellip;<\/p>\n","protected":false},"author":13,"featured_media":38563,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,37,36],"tags":[6967,7604,6868,7034],"class_list":["post-67056","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-forex-markets","category-market-updates","tag-boe","tag-dollar-index","tag-fomc","tag-gbp-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=67056"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67056\/revisions"}],"predecessor-version":[{"id":67060,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/67056\/revisions\/67060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/38563"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=67056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=67056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=67056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}