GBP/USD bears push sterling to the edge of the abyss, 2022 lows eyed By ross_burland GBPUSD Fed Technical Analysis CentralBanks Currencies
The Fed's chair wore his hawkish hat to the Fed presser on Wednesday. is down 0.35% on the day so far, falling in a move that followed a hawkish twist in today's Federal Reserve event. Cable has broken 1.3490 support and has plummetted to a low of 1.3444 in a move that was encouraged by hawkish comments from the Fed's chair, Jerome Powell.
stated in the post-Federal Open Market Committee statement presser that the central bank could move faster and sooner than they did the last time which has promoted both the US dollar and yields to extend gains for the day:The current economy means we can move sooner, perhaps faster than we did last time.Other forces this year should also bring down inflation.No decision made on policy path, path to be led by incoming data.
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