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GBP/USD Post-BoE Lows Further Pressured by Uptick in Yields

CROSS ASSET
  • With BoE and US weekly claims data dust settled, GBP/USD is just off post-decision lows at 1.2726, but still comfortably inside the week's range. EUR/GBP strength has been contained below the March and February highs so far, which hold as resistance at 0.8576 and 0.8578 respectively.
  • US 10y yields are close to 3bps off the day's lows of 4.216% and helping keep major pairs off the session's best levels.
  • Equities worth watching through the cash equity open in ~45 minutes, with the e-mini S&P record high of 5315.75 printed overnight still under pressure.
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  • With BoE and US weekly claims data dust settled, GBP/USD is just off post-decision lows at 1.2726, but still comfortably inside the week's range. EUR/GBP strength has been contained below the March and February highs so far, which hold as resistance at 0.8576 and 0.8578 respectively.
  • US 10y yields are close to 3bps off the day's lows of 4.216% and helping keep major pairs off the session's best levels.
  • Equities worth watching through the cash equity open in ~45 minutes, with the e-mini S&P record high of 5315.75 printed overnight still under pressure.