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Jun 02 - 03:55 AM
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GBP/USD - Up To Eye Friday High As UST Yields Fall
By Robert Howard — Jun 02 - 02:40 AM
• Cable rises to 1.3481 as risk-sensitive GBP benefits from lower government bond yields
• 10-year UST yield falls 4.9 bps. 1.3481 is high since Friday (1.3485 was high that day)
• Lower government bond yields influenced by Hezbollah-Israel partial ceasefire news
• 1.3407 was GBP/USD low on Monday - before dollar weakened on Trump guidance
• UK Tuesday newspaper front pages dominated by Mandelson documents
• BoE's Bailey to address House of Lords Economic Affairs
Committee at 1400 GMT
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters