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TDUX
Sep 28 - 01:55 AM
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GBP/USD - Pressured As US Yields Hover Near Multi Decade Highs

By Krishna Kumar  —  Sep 27 - 11:41 PM

• GBP/USD remains under to start the week as US yields inch higher in Asia

• US 30-yr yield +1bp, hovers near 22-yr high; 10-yr +2 bps, nears 18-yr peak

• Boosted by upbeat economic data, inflation concerns, Fed rate expectations

• US crude +1% in Asia as Trump rejects Iran peace plan, weighs on GBP

• UK's Burnham says it is crucial to have stability in public finances

• Support 1.3180, 1.3140-1.3160 March-June lows; resistance 1.3260-65, 1.3300

• Friday range 1.3211-1.3263, Asia 1.3225-1.3262
GBP:


(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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