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Mar 11 - 07:55 AM

GBP/USD - Helped To 1-Week High By Sub-1.5% 10-Year UST Yield

By Rob Howard  —  Mar 11 - 06:07 AM
  • Cable hits 1.3963 after building on early London gains nL1N2L90GI

  • 1.3963 = highest level since March 4 (1.4017 was the high that day)

  • 10-year UST yield drop through 1.5% is weighing on the USD nL1N2L90T0

  • ECB event risk may impact GBP/USD -- if euro rises/falls sharply vs USD

  • See: nL1N2L90SVnL1N2L90DW. Cable offers expected around 1.40

  • Support points include 1.3925 (Tuesday's high), 1.3900 and 1.3882

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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