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TDUX
May 19 - 11:55 AM

GBP/USD - Falls To Intra-Day Low As UST Yields Rise

By Robert Howard  —  May 19 - 10:05 AM

• Cable falls to 1.3387 as dollar strengthens amid higher UST yields

• 30-year UST yield rises to 5.18%, its highest level since 2007

• 1.3387 is fractionally fresh intra-day low (1.3388 was London morning low)

• Monday's range was 1.3304-1.3449. UK April inflation data due Wednesday

• Median estimate for UK CPI from a Reuters poll of economists is 3%

• Reuters poll: Only four out of 101 economists expect Fed rate hike this year

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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