The GBP/USD pair extends gains on Thursday. The pair touched a high of 1.3667 in the previous session composed of nearly 100-pips movement. At the time of writing, GBP/USD is trading at 1.3667, up 0.03% for the day. The US benchmark 10-year Treasury yields recovered to trade at 1.58% before falling to 1.54% on Wednesday following the higher September inflation data and FOMC minutes.
Rising UK growth and output in August has helped drive GBP outperformance. Meanwhile, commodity stocks remain a major focus, with nuclear a potential solution as a lack of fossil fuel investments bring near-term shortfalls and rising prices. A mixed affair for European markets this morning, with the FTSE 100 lagging its mainland counterparts as commodity stocks head lower.