GBP/USD steadily climbs back closer to 1.2000 mark amid broad-based USD weakness – by hareshmenghani GBPUSD Bonds BOE Fed Currencies
. It is worth recalling that the BoE Governor Andrew Bailey said on Wednesday that some further increase in bank rates may turn out to be appropriate, though added that nothing is decided.
It is worth recalling that the yield on the benchmark 10-year US government bond rose to its highest level since last November and the rate-sensitive two-year Treasury note had shot to levels last seen in July 2007 on Thursday. This, along with the GBP/USD pair's two-way price action witnessed over the past four weeks or so, warrants some caution for aggressive traders and positioning for a firm near-term direction.
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