Hello! During the Asian session on Friday, GBP/USD has ended its three-day losing streak and is now trading higher around 1.2490. The pair's current upward movement can be attributed to a correction in the US Dollar (USD), which had been on a winning streak for three days prior. This correction is mainly due to the pullback in US Treasury yields, with the 10-year US Treasury bond yields declining to 4.22%. This marks a decrease of 1.36% compared to the previous day's levels.
Wishing you smooth trading and many big wins <3
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The bullish opening in Wall Street makes it difficult for the USD to continue to outperform its rivals and helps the pair hold its ground heading into the weekend.