GBP/USD retreats from 1.1530 amid Fed vs. BOE buzz – by anilpanchal7 GBPUSD Brexit BOE Fed RiskAppetite
The British government is breaching the withdrawal agreement with the European Union by requiring EU citizens to reapply for the right to live and work in the United Kingdom, an independent body set up to oversee citizens’ rights told a London court on Tuesday, reported Reuters.
It should be noted that the firmer US data and the latest headlines surrounding US Federal Communications Commission Commissioner Brendan Carr Taiwan visit seem to challenge the GBP/USD bulls. That said, the US JOLTS Job Openings increased to 10.717M in September versus the 10.0Mand upwardly revised 10.28M previous readings. Further, US ISM Manufacturing PMI increased to 50.2 in October versus 50.0 market forecasts and 50.9 prior.
The US 10-year Treasury yields drop one basis point to 4.04% at the latest as traders remain divided over the US central bank’s next move given the 75 bps rate hike and hopes favoring easy rate lifts from December. While portraying the mood, S&P 500 Futures snap a two-day downtrend to print a 0.20% intraday upside by the press time.
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