GBP/USD is at risk of further losses in the short term
Updated
Hello wealthy traders, come here to see and learn about the market today.
During the Asian session on Friday, GBP/USD ended a three-day losing streak and is now trading higher around 1.2490. The pair's current upward movement can be attributed to the correction in the US Dollar (USD), which has continuously increased over the previous three days. This adjustment is mainly due to the fact that the 10-year US Treasury bond yield will drop to 4.22%. This marks a 1.36% drop from the previous day's levels.
Good luck traders!
During the Asian session on Friday, GBP/USD ended a three-day losing streak and is now trading higher around 1.2490. The pair's current upward movement can be attributed to the correction in the US Dollar (USD), which has continuously increased over the previous three days. This adjustment is mainly due to the fact that the 10-year US Treasury bond yield will drop to 4.22%. This marks a 1.36% drop from the previous day's levels.
Good luck traders!
Note
Leave your comments
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.