GBP/USD sellers attack 1.3300 ahead of US ADP Employment data, Fed Chair Powell’s Testimony By anilpanchal7 GBPUSD Brexit Ukraine RussianFederation Fed
pair portrays the mixed feelings in the market, as well as cautious optimism, ahead of the key US data/events.
US President Biden banned Russian flights from entering the US airspace due to Moscow’s invasion of Ukraine. On the positive side was Biden’s promotion of “self-reliance” and readiness to battle inflation with systematic steps.S&P 500 Futures, US Treasury yields retreat as US President Biden’s SOTU bans Russian flights
It should be noted that the recent Russia-Ukraine tussles have already raised concerns that the global economic recovery from the pandemic will be slowed down, which in turn probes central bank hawks. However, the recent comments from the US Federal Reserve and officials haven’t yet confirmed the same even if the money markets are paring back the hopes of faster policy tightening.