Pound Bounces Back To 1.3750 Amid Weak US Treasury Yields

Pound Bounces Back To 1.3750 Amid Weak US Treasury Yields

12 Apr 2021 02:54 PM
 

Pound bounced back from 2 month lows and traded around 1.3750 amid timid US Treasury yields capping Dollar’s gains.

A potential link between the AstraZeneca coronavirus vaccine and a rare blood clotting disorder led to a temporary ban on the vaccine for the below 30 age group. This could delay the plans of easing of lockdowns and may weigh on the pair combined with the unrest in Northern Ireland.

Deteriorating risk sentiment and Fed Chair Powell's positive comments will continue to support Dollar’s safe-haven appeal. News of the attack on Iran's nuclear facilities hampered the risk sentiment.

Going ahead, the pair is expected to fall back given the lack of economic events and decreasing risk appetite.