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May 16 - 03:55 AM

GBP/USD - Helped To Two-Day High By Lower UST Yields

By Robert Howard  —  May 16 - 02:42 AM

• Cable rises to 1.3333 as lower UST yields weigh on the dollar

• 1.3333 is highest level since Wednesday (1.3361 was one-week peak that day)

• Lower UST yields influenced by cooler than expected U.S. producer prices

• GBP/USD support points include 1.3300 and 1.3254 (Wednesday's low)

• Catalyst for Wednesday's rise to 1.3361 was South Korea-U.S. FX news

• Why China's neighbours may want currency deals with Trump

GBPUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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