GBP/USD recovers a major part of its intraday losses, holds steady above 1.3500 mark By HareshMenghani GBPUSD Coronavirus RiskAppetite Majors Currencies
ng low. The pair was last seen trading around the 1.3515-20 region, down less than 0.10% for the day.
It is worth recalling that the yield on the benchmark 10-year US government bond recorded the largest yearly increase since 2013 and ended 2021 above the 1.50% threshold. This, along with the worsening COVID-19 situation in the United Kingdom, further undermined the British pound and exerted some downward pressure around the GBP/USD pair.
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