Daily Market Updates: Pound slips to around 1.3205 per dollar as US yields rise

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Pound slips to around 1.3205 per dollar as US yields rise

GBP/USD falls 0.38%, after the pair topped 1.3258, while the US Dollar Index rises to 101.47.

Reported · Written up by our desk · Major Pairs

The British pound weakened against the US dollar, with GBP/USD down about 0.38% to around 1.3205, after reaching 1.3258, according to FXStreet.

FXStreet linked the move to a firmer US dollar, supported by rising US Treasury yields and evidence of a resilient US labor market.

The Conference Board reported US consumer confidence fell to 81.9, below estimates and the lowest level since 2014, even as jobs data showed job openings fell in August while layoffs remained low.

FXStreet also noted the US Dollar Index, measuring the greenback against a basket of currencies, rose about 0.29% to 101.47, a headwind for Sterling as money markets anticipate a BoE rate hike.

Latest closeGBP/USD 1.325 ▲0.1%|Dollar index 101.25 ▲0.3%

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FXStreetBritish Pound slips to 1.32 as 2004-era US yields lift the US Dollar

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Pound slips to around 1.3205 per dollar as US yields rise

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