British Pound slides as US yields spike, UK jobs market cracks
The British Pound (GBP) retreats by 0.31% during the North American session as the US Dollar (USD) rises, underpinned by soaring US Treasury yields as investors price in a spike in inflation from the energy shock. The GBP/USD pair trades at 1.3392 after reaching a daily high of 1.3437. Read More…
British Pound underperforms against a broadly weaker JPY amid UK political crisis
The GBP/JPY cross attracts fresh sellers in the vicinity of mid-213.00s on Tuesday and erodes a part of the previous day’s strong recovery gains from a one-and-a-half-week low. Spot prices stick to modest intraday losses around the 213.00 mark through the first half of the European session, though the downside remains cushioned amid a broadly weaker Japanese Yen (JPY). Read More…
British Pound nears the 1.3400 area after higher UK unemployment figures
The British Pound (GBP) drifts further from Monday’s highs near 1.3450 against the US Dollar (USD) on Tuesday, reaching session lows a few pips above 1.3400 at the time of writing. UK unemployment figures confirmed that the labour market deteriorated in March, adding negative pressure on the Sterling. Read More…
