GBP/USD dwindles near the 1.2500 figure after US economic data By christianborjon GBPUSD Majors Macroeconomics Technical Analysis
Sentiment remains dismal, a headwind for the GBP/USD.
Despite being a negative report, the buck remains in the driver’s seat, boosted by higher US Treasury yields. The 10-year US Treasury yield is rising two and a half basis points, at 3.051%, underpinning the greenback. The US Dollar Index, a measure of the US Dollar value vs. a basket of six currencies, advances close to 0.50% and is back above the 103.000 mark, which was last reached on May 23.
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