The GBP/USD is trading lower around the 1.2270 level in this morning's session, ending a two-day rally. The GBP/USD pair is facing slight pressure ahead of the UK employment data release later today.
There is an 80% chance that the Fed will keep interest rates unchanged in December. In the case of dominant safe-haven flows in the financial market, it may be difficult for GBP/USD to maintain its position, and the decline could potentially return to the 1.216 level following the break of the support level at 1.222.
There is an 80% chance that the Fed will keep interest rates unchanged in December. In the case of dominant safe-haven flows in the financial market, it may be difficult for GBP/USD to maintain its position, and the decline could potentially return to the 1.216 level following the break of the support level at 1.222.
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