“It’s coming home,” the chant for England’s football team, may be on the minds of British fans ahead of Sunday’s final versus Italy. Perhaps “it is coming down” would be a better phrase for the GBP/USD. Cable has risen to 1.38, taking advantage of a dollar drop, but there are five reasons to believe it will fall again.
1) Returns: The US dollar shrugged off a steep reduction in returns on US debt, which is normally linked to its strength. The greenback has opportunity to grow now that Treasury yields have surged back above 1.30 percent. Continue reading…
The GBP/USD pair has rallied off daily lows of 1.3758, but the recovery momentum has yet to materialize, as the US dollar remains generally firmer despite a rebound in Treasury rates.
Brexit stories, mixed with ongoing Delta covid variant concerns, continue to hamper the spot’s resurgence. Continue reading…
“It’s coming home,” the chant for England’s football team, may be on the minds of British fans ahead of Sunday’s final versus Italy. Perhaps “it is coming down” would be a better phrase for the GBP/USD. Cable has risen to 1.38, benefiting from a dollar weakness, but there are five reasons to believe the pair will fall again.
“The US dollar shrugged off a steep reduction in returns on US debt, which is normally linked to its strength. The greenback has potential to strengthen now that Treasury yields have surged above 1.30 percent “”Rise up.” Continue reading…/n
