GBP/USD holds daily gains near 1.3670 as US T-yields rebound
14.10.2021, 05:44

GBP/USD holds daily gains near 1.3670 as US T-yields rebound

  • GBP/USD pauses the upside momentum in the early European trading hours.
  • Higher US T-yields undermine the demand for the US dollar.
  • Sterling holds ground amid mixed economic data,  Brexit optimism, and hawkish BOE.

The GBP/USD pair remains muted on Thursday. The pair consolidates gains,  after testing the intraday’s high near 1.3672. At the time of writing, GBP/USD is trading at 1.3664, up 0.03% for the day.

The spot recorded nearly 90-pips movement in the previous session on the broad-based USD selling. The greenback retreated from its yearly highs around 94.50 post-US Consumer Price Index (CPI) readings, which came higher at 5.4% in September as widely anticipated. Furthermore, investors geared up for the Fed’s tapering as soon as November according to the minutes of the September FOMC meetings.

The US benchmark 10-year Treasury bond yields rebound near 1.55%, helping the greenback to hold 94.00 amid risk-off mood. It is worth noting that, S&P 500 Futures is trading at 4,370, up 0.34% for the day.

On the other hand, the British pound gains were limited after the data showed that the UK’s economy grew 0.4% in August amid expectations the Bank of England (BOE) will be hiking interest rates as soon as December. In addition to that, the UK’s Brexit Minister David Frost kept a softer stance at the European Union’s (EU) proposal to fix post-Brexit disruption in Northern Ireland, as the two sides prepared for fresh negotiations.

As for now, traders keep their focus on the Bank of England (BOE)  Credit Condition Survey, US Initial Jobless Claims to gauge market sentiment.

GBP/USD additional levels


 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik