GBP/USD oscillates below 1.2500 ahead of US Inflation

GBP/USD oscillates below 1.2500 ahead of US Inflation

The GBP/USD pair is balancing below the psychological support of 1.2500 and is expected to imbalance lower as investors are dumping the risk-sensitive assets amid uncertainty over the release of the US inflation. The cable witnessed a steep fall on Thursday after failing to overstep the critical hurdle of 1.2560.

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GBP/USD has lost its recovery momentum, how low can it go?

The British Pound is retreating for a second day, returning below the 1.25 level, failing to build on the positive momentum at the start of the week. The pressure appears to be driven by rising government bond yields in global markets, starting with but not limited to the US. The intraday dynamics of GBPUSD show methodical intraday selling.

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