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British Pound Latest – GBP/USD Treads Water as US Data Deluge Nears


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GBP/USD: Pound - Dollar Rate, Chart, Forecast & Analysis

Nov 28, 2022 | DailyFX
Nick Cawley, Senior Strategist

  • GBP/USD - PRICES, CHARTS, AND ANALYSIS
  • US inflation and jobs data are released at the back end of the week.
  • The 200-day moving average is the next target for cable.

The US dollar has given back all its early gains and is now trading in negative territory in early European turnover. The greenback rallied in Asian trade as Chinese covid-zero protests spread, but the strength of the Euro and the Japanese Yen has pushed the dollar index lower and near lows last seen around 10 weeks ago.

US DOLLAR (DXY) – DAILY CHART

 

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GBP/USD DAILY PRICE CHART – NOVEMBER 28, 2022

 

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All Charts via TradingView

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