GBPUSD, daily GBPUSD raised 1.3636 during the European morning but remains in yesterday’s range and tested the key 1.3600 even. The rise in yields has fizzled out for now and with Treasuries outperforming core European markets, the dollar struggled during the European AM. The fact that British Prime Minister Johnson has managed to hold on despite the heated debate over “Partygate” and calls for his resignation may have helped Sterling somewhat this morning, but there still appear to be attempts to garner sufficient support for a no-confidence vote, z now the pound is finding support and has also risen against […]
