GBP USD is currently trending below the 1.35 while the U.S. dollar is gaining ground
and this has alot to do with this on Friday,s the Non Farm Payrolls report
showed that the U.S. economy lost 140,000 jobs in December.
This report highlighted the need for additional stimulus. Interestingly,
the U.S. dollar continues to rebound despite strong stimulus expectations,
and it looks like rising yields on U.S. government bonds are providing some support to the American currency.
and this has alot to do with this on Friday,s the Non Farm Payrolls report
showed that the U.S. economy lost 140,000 jobs in December.
This report highlighted the need for additional stimulus. Interestingly,
the U.S. dollar continues to rebound despite strong stimulus expectations,
and it looks like rising yields on U.S. government bonds are providing some support to the American currency.
