GBP/USD has started the new week on the back foot pressured by another bout of flight to safety amid escalating geopolitical tensions.
The pair opened with a bearish gap on the first day of a new week amid a broad-based US dollar strength, bolstered by the weekend developments surrounding the Ukraine crisis. Western nations imposed new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.
The pair opened with a bearish gap on the first day of a new week amid a broad-based US dollar strength, bolstered by the weekend developments surrounding the Ukraine crisis. Western nations imposed new sanctions on Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.