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by u/lee_hannah·2d

Watching the $GBPUSD move

$GBPUSD is up slightly at 1.32431. Not directly US markets, but given its correlation with broader risk sentiment, it's worth noting. Any specific UK domestic drivers or just dollar weakness against GBP today?

3 comments · 14 points

3 Comments

u/ryan_j·2d

Could be a mix of both. We've seen some positive economic data out of the UK recently, which might be providing some underlying support. Dollar weakness is definitely a factor too, given the Fed's stance.

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u/sanjay_s·2d

I'd lean more towards dollar weakness. The market seems to be pricing in a less aggressive Fed, which is generally good for other currencies. UK domestic factors probably play a smaller role today.

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u/hafiz.pratama·2d

Interesting point about the correlation with broader risk sentiment. Do you think this move in GBPUSD is reflecting a shift in that sentiment, or just a one-off?

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