GBP/USD struggles to defend 1.2350 as Brexit woes join flight to safety
GBP/USD remains pressured around 1.2350, following the heaviest daily fall in a fortnight, as traders seek fresh clues during Thursday’s Asian session. Even so, downbeat headlines concerning Brexit and a broad risk-off mood keep sellers hopeful.
GBP/USD Price Analysis: Struggles at 1.2490s and tumbles 100 pips as bears regain control
The GBP/USD snaps three days of gains and is losing close to 1% during Wednesday’s session on a dampened mood in the financial markets, despite higher than expected inflation reported from the UK. At 1.2365, the GBP/USD reflects a drop of more than 100 pips and almost a full reversal move from Tuesday.
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