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Oct 08 - 02:55 AM

GBP/USD - Retreats To 1.36 As Higher UST Yields Support USD

By Rob Howard  —  Oct 08 - 02:34 AM
  • Cable eases to 1.3598 as higher UST yields lift USD: 10-year up to 1.60%

  • See: nL4N2R41IM. 1.3598 is the lowest level since Thursday's 1.3638 high

  • Higher UST yields precede U.S. jobs report at 1230GMT; Sept NFP f/c 500k

  • See: nL1N2R31KD. Senate approves debt ceiling lift to Dec 3 nL1N2R30UX

  • 1.3571 (Thursday low) and 1.3545 (Wednesday low) are GBP/USD support points

  • COLUMN-Rate trap? BoE and sterling snared by rate frenzy nL8N2B47TO

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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