GBPUSD surges towards key moving averages ...Middle East

The GBPUSD has continued its upward momentum in early U.S. trading, breaking above the key swing area between 1.2351 and 1.2375. The pair is now pushing past the 1.2400 level, setting its sights on yesterday’s high of 1.24214.

The gains in the GBPUSD come despite higher yields in the US. The two-year yield is up 2.6 basis points at 4.293%. The 10 year yield is up 4.0 basis points at 4.535%.

US stocks are opening lower with the NASDAQ index down -0.98% and the S&P index down -0.24%.

Shares of Meta are down for the first time in 16 days (-0.68%)

This article was written by Greg Michalowski at www.forexlive.com.

Hence then, the article about gbpusd surges towards key moving averages was published today ( Tuesday 11/02/2025 - 05:44 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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