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. Read More Details
Finally We wish PressBee provided you with enough information of ( GBPUSD surges towards key moving averages )
Also on site :