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Mar 29 - 01:55 PM

GBP/USD - Deflated By 10-Year UST Yield Rise Towards 1.70%

By Rob Howard  —  Mar 29 - 10:44 AM
  • Cable drop to 1.3785 influenced by 10-year UST yield rise towards 1.70%

  • See: nL1N2LR171. USD also supported by U.S. equity losses nAQN03ZAHW

  • 1.3785 is the lowest level since 1.3847 (six-day high at 1155GMT)

  • See: nL1N2LR11B. 1.3757 was early Ldn low, after CS news nL1N2LR003

  • MPC's Vlieghe says UK economy may need more help even with swift rebound

  • See: nL8N2LR44Z. Vlieghe is one of the most dovish BoE MPC members

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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