GBP/USD retreats from $1.42 amidst surge in US ...
The US dollar mounted a recovery on Wednesday, triggered by a sharp uptick in US Treasury yields.
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The US dollar mounted a recovery on Wednesday, triggered by a sharp uptick in US Treasury yields.
The pound remained buoyant on Tuesday but struggled to find meaningful gains on the back of some mixed employment figures.
The pound opened this week’s session on the front foot as the UK government published its plan on how it will ease lockdown measures in England.
A surprise increase in the headline UK inflation rate saw the pound trending sharply higher against its rivals last week.
The pound extended its bullish run into its fifth consecutive session on Friday, courtesy of a far stronger-than-expected PMI reading.
The pound came close to breaking through a key barrier against the US dollar on Thursday, amidst growing hopes for a swift UK economic recovery.
The pound’s recent bullish run faded on Wednesday, amidst concerns over the timeframe for easing lockdown measures in the UK.
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