GBP/USD is at risk of further losses in the short term
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During the Asian session on Friday, GBP/USD ended a three-day losing streak and is now trading higher around 1.2490. The pair's current upward movement can be attributed to the correction in the US Dollar (USD), which has continuously increased over the previous three days. This adjustment is mainly due to the fact that the 10-year US Treasury bond yield will drop to 4.22%. This marks a 1.36% drop from the previous day's levels.
Good luck traders!
During the Asian session on Friday, GBP/USD ended a three-day losing streak and is now trading higher around 1.2490. The pair's current upward movement can be attributed to the correction in the US Dollar (USD), which has continuously increased over the previous three days. This adjustment is mainly due to the fact that the 10-year US Treasury bond yield will drop to 4.22%. This marks a 1.36% drop from the previous day's levels.
Good luck traders!
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