The Cable eased from its weekly gains to 1.3480 and stayed within a close 20-pip range during early Thursday. By this, the cable pair consolidated the greatest daily gain in over a week amid wary opinion on Brexit concerns and a slow Asian session.
While tracking the US Treasury yields and DXY moves, a pullback in the US inflation prospects and mixed concerns over the Fed rate hike could be found as key catalysts. Also, the easy figures of US Housing Starts can be related to the GBPUSD pair’s earlier gains.
Nevertheless, fresh headlines from Bloomberg indicate a difference between the UK and European Union (EU) and weigh on the GBPUSD prices. “The UK warned the European Union not to start a trade war if Boris Johnson’s government suspends part of the Brexit settlement over Northern Ireland, saying a strong retaliation would exacerbate problems,” said Bloomberg.
On another issue, the UK’s covid concerns and talks that supply chain issues may stop the BOE from a rate hike also check out the pair bulls.
Saying that a lack of major economic announcements will keep the Fed speech and Treasury moves in the driver’s seat whereas the US Weekly Jobless Claims and Brexit news could entertain the Cable traders looking forward.
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