Market News

GBP/USD remains weak below 1.3350 amid omicron concerns and Brexit concerns GBP/USD is trading moderately below 1.3350, consolidating from its 11-month low of 1.3278, with risk sentiment improving slightly. Despite the risk reset, the risk remains downward biased against the majors as they continue to face the latest Omicron covid and ongoing Brexit issues. Risk

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GBP/JPY: Brexit, full-fledged bear dominating below 153.00 on COVID-19 chatter GBP/JPY licks the cut at the 152.70 area after hitting a week-long high before hitting a two-week low of 152.47 ahead of the London opening on Friday. The Cross saw a double attack as it served food to bears amid fears of coronavirus and Brexit-related

EUR/GBP hovers around 0.8400, ECB’s Lagarde and BOE’s Bailey keep an eye on EUR/GBP remained bearish in the early hours of Thursday morning in Europe. Cross-currency pairs are approaching their annual lows recorded on Monday as fears over coronavirus in the eurozone are resurfaced. Record high cases in Germany, followed by Austria and the Netherlands,

USD/JPY rise above 115.00 when bullish track hits 44-month high The USD/JPY bull is breathing around 115.10 after a spike that broke a multi-month high earlier on Wednesday. At the same time, the yen is struggling to extend its two-day rally amid falling US Treasury yields. The 10-year U.S. Treasury yield fell 0.8 basis points