GBP/USD extending the upside, however, naked 1.3605 to be restested?

GBP/USD is moving higher in Asia, printing fresh highs for the week. US dollar runs out of juice as US yields ease, pound firmer on BoE. The forex space is dominated by the US dollar which has been licking wounds on Wednesday while US yields sapped momentum from its recent rebound. The benchmark 10-year Treasury yields lost some 7 basis points from a 10-month high hit on Tuesday and the turnaround capped a three-day streak for the dollar. Against the pound, the greenback suffered a loss of over 1.7% this week, boosted by the Bank of England governor talking down the prospect of negative rates in the United Kingdom. … (full story)

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