GBP/USD retreats from 3-week super, back around one.2200 handle part 2
Given that Merkel's comments weren't precisely a serious game-changer to the Brexit equation, the try didn't make the most the nightlong up-move, rather met with some contemporary offer on the Judgment Day of the mercantilism week and was more weighed down by a modest America greenback transaction.
Against the scene of not therefore pacifistic FOMC meeting minutes on Wed, a goodish pickup within the America Treasuries yields helped the dollar to regain some positive traction on Friday and more collaborated towards attracting some contemporary marketing pressure round the major.
It would currently be attention-grabbing to visualize if this pullback marks the top of the recent corrective bounce or continues to be seen as a shopping for chance because the focus currently shifts to Friday's key event risk - the Fed Chair Father Powell's Jackson Hole speech later at 14:00 UT.
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