GBP/USD holds steady near weekly high, eyeing 1.3600 mark amid weaker USD By HareshMenghani GBPUSD Bonds Fed Inflation Currencies
Retreating US bond yields undermined the USD and remained supportive of the move.The GBP/USD pair
Following the two-way/directionless price moves witnessed over the past two trading sessions, the GBP/USD pair caught fresh bids on Wednesday and was supported by modest US dollar weakness. A sharp pullback in the US Treasury bond yields, along with the risk-on impulse turned out to be key factors that undermined the safe-haven greenback.
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