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Mar 12 - 06:55 AM

GBP/USD - Hits Two-Day Low As 10-Year UST Yield Vaults 1.6%

By Rob Howard  —  Mar 12 - 05:22 AM
  • Cable hits 1.3910 after extending south from 1.4005 (Asian session high)

  • 1.3910 is the lowest level since Wednesday. 1.4005 = high since March 4

  • Drop to 1.3910 influenced by 10-year UST yield rise through 1.60%

  • See: nL8N2LA1YF. 1.48% was one-week low for 10-year UST yield Thursday

  • 1.3882 and 1.3846 (Wednesday's low) are GBP/USD support points below 1.39

  • UK Jan GDP -2.9% vs -4.9% f/c nL8N2LA1GH. BoE MPA next week nL1N2LA0N1

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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