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Mar 30 - 07:55 AM

GBP/USD - Holds Below 1.38 After UST Yields Rise

By Rob Howard  —  Mar 30 - 06:04 AM
  • Cable topped out just shy of 1.3783 (Asia high) after rallying off 1.3744

  • 1.3744 was Ldn am low, as higher UST yields lifted USD nL1N2LS0CZ

  • 10-year UST yield hit 14-month high near 1.78% during Ldn am nL1N2LS0GL

  • 1.3847 was Monday's GBP/USD high -- before 10-year UST yield jumped to 1.72%

  • See: nL1N2LR2LJ. 1.3730 and 1.3700 are support points below 1.3743

  • 1.3730 was Friday's low. 1.3800 is a resistance level beyond 1.3783

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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