Sterling falling as much as 0.8% versus dollar today – mostly due to the wide-scale dollar buying as U.S. Treasuries sold off during early London trading, pushing the yield on the benchmark note above 1.60%. Investors are looking to hedge inflation fears by buying U.S. dollars – which is leading to dollar gains against all other major currencies – and pressuring GBPUSD down. The other factor affecting dollar buying is the latest spike in the risk-off sentiment after multiple countries started to halt the vaccination by AstraZeneca’s COVID-19 vaccine (which is scaling back deliveries of vaccines) – adding to the bullish safe-haven inflows into the US dollar.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
GBPUSD overview 12.03.2021
Sterling falls as Treasury yields climb.
Sterling falling as much as 0.8% versus dollar today – mostly due to the wide-scale dollar buying as U.S. Treasuries sold off during early London trading, pushing the yield on the benchmark note above 1.60%. Investors are looking to hedge inflation fears by buying U.S. dollars – which is leading to dollar gains against all other major currencies – and pressuring GBPUSD down. The other factor affecting dollar buying is the latest spike in the risk-off sentiment after multiple countries started to halt the vaccination by AstraZeneca’s COVID-19 vaccine (which is scaling back deliveries of vaccines) – adding to the bullish safe-haven inflows into the US dollar.
Expect sellers on upward corrections.
Next support to watch – 1.3778
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags