GBP/USD gained traction in the American session on Friday and erased a large portion of its weekly losses. The pair clings to small daily gains above 1.2650 in the European morning on Monday.
Following a mixed opening to the day, Wall Street's main indexes gathered bullish momentum and registered strong gains on Friday. In the meantime, the benchmark 10-year US Treasury bond yield retreated to 4.2% ahead of the weekend, making it difficult for the US Dollar (USD) to stay resilient against its rivals.
Following a mixed opening to the day, Wall Street's main indexes gathered bullish momentum and registered strong gains on Friday. In the meantime, the benchmark 10-year US Treasury bond yield retreated to 4.2% ahead of the weekend, making it difficult for the US Dollar (USD) to stay resilient against its rivals.
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