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GBP/USD Forecast: Bears in control ahead of US retail sales figure

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair crashed to an intraday low of 1.4383 after the rout in the European stock markets and Sweden’s Riksbank’s rate cut surprise pushed the UK 10-yr gilt yield to a record low of 1.295%. The pair retraced from its lows, but ended on a softer note around 1.4475 levels. Flight to safety hurts Pound The drop in the yield to record lows clearly indicates the investors, scared out of the banking stocks, ran for cover and poured money into the government bonds. Bond yields in other core

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