GBP/USD trades with modest losses, around mid-1.3300s ahead of BoE's Bailey

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dheebhack
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GBP #USD trades with modest losses, around mid 1.3300s ahead of BoE s Bailey
http://ntvforex.com/news/?id=23b79e. . 4 minutes ago . By Haresh Menghani #GBP #USD extended the previous day s retracement slide from YTD tops. The #USD built on the overnight bounce and prompted some profit taking. The downside seems limited ahead of BoE Governor Bailey s testimony. The #GBP #USD pair weakened further below mid 1.3300s during the early European session and refreshed daily lows in the last hour, albeit lacked any strong follow through. The pair witnessed some selling during the first half of the trading action on Wednesday and extended the previous session s retracement slide from the vicinity of the key 1.3500 psychological mark, or YTD tops. The US dollar built on the overnight recovery move from over two year lows and was seen as one of the key factors exerting some pressure on the #GBP #USD pair. Data released on Tuesday showed that the US manufacturing sector activity accelerated to a nearly ...
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