GBP USD Struggles to Hold Losses Near 1.2650 as Risk Aversion Intensifies
GBP USD struggles to maintain its position, currently trading near 1.2650 after experiencing two consecutive days of gains. As the Asian session progresses on Thursday, the pair faces downward pressure due to the strengthening US Dollar in a context of heightened risk aversion. The increase in US Treasury yields further exacerbates the situation, compelling traders to reassess their positions. This environment invites caution among investors, who should remain vigilant in monitoring shifts that could signal potential opportunities in this turbulent market. Staying updated on economic indicators and geopolitical events will be key for proactive trading strategies.