4 Global Market Updates- 20 July, 2022

 

In this article, we have covered the highlights of global market news about the GBP/USD, Gold price, EURUSD and AUD/USD.
GBP/USD falls to 1.2000 after UK CPI, although the damage seems to be mitigated by a weaker USD.

On Wednesday, the GBP/USD pair increased for the fourth straight day, moving back toward the two-week high attained the day before. However, the rise lacked bullish conviction and faltered again close to the 1.2040-1.2045 area. Following the publication of the UK consumer inflation numbers, spot prices swiftly declined a few pip-points, and they currently seem to have steadied around the psychological level of 1.2000.

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