Breaking: GBP/USD drops below 1.2000 for the first time since March 2020 By FXstreetNews Breaking GBPUSD Currencies Majors
Dollar strengthens as US yields print fresh multi-year highs.hit levels under 1.2000 for the first time since March 2020. The pound remains under pressure even as market participants expect a rate hike from the Bank of England on Thursday.rally in EUR/GBPOn the contrary, the dollar remains firm ahead of the Fed’s decision on Wednesday. US yields are at multi-year highs as expectations. The DXY gains 0.20% and trades at 105.40, the highest level since December 2002.
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