Pound Trades Lower As Rising US Yields Push Dollar Higher

Pound Trades Lower As Rising US Yields Push Dollar Higher

30 Apr 2021 01:32 PM
 

GBP/USD traded 0.17% lower near 1.3920 as Dollar index rebounded slightly.

Rising US Treasury yields pushed the Dollar index higher, which also got a boost from upbeat US Economic data. US GDP released yesterday showed that the economy grew by 6.4% compared to 6.1% expected.

The pair was also weighed by politics related to Brexit and tensions surrounding PM Boris Johnson.

Going ahead, the focus will be on US Personal Income and Spending data, Employment Cost Index, and PCE Price Index due later in the day.