GBP/USD expected to dip below 1.2240 as investors cautious on US-China tensions

2022-08-08 03:12:40 By : Mr. Alex Ou

On the dollar front, Wednesday's Institute for Supply Management (ISM) services PMI data will be in focus.The preliminary estimate for the economic data was 53.5, significantly lower than the previously published 55.3.The U.S. ISM Services New Order Index data will be interesting to watch as U.S. tech stocks have lowered their forecasts for the rest of the year.The views expressed on the FXStreet website are those of the author and do not represent the views of FXStreet or his organization.FXStreet has not verified the accuracy and factual basis of any independent author's comments or statements: errors and omissions may occur.Any opinions, news, research, analysis, prices or other information provided to this site by FXStreet employees, partners or contributors are for general market commentary only and do not constitute investment advice.FXStreet will not be liable for any loss or damage, including but not limited to any loss of profits that may arise from the direct or indirect use of or reliance on this information.