Pound Dollar forecast pair GBP / USD today 05/16/2018
At yesterday's auction yield of US ten-year bonds broke through the level of 3,041%, which caused a large-scale purchases of the dollar on the entire market.
At the auction of the forex market on May 15 it was reduced not only to the British currency, but the euro, the yen, the ruble, Turkish lira, the Argentine Peso, Brazilian Real, etc. Is strengthening of the dollar will continue in the near future? Everything will depend on the mood of investors if yields desyatiletok hold out at current levels (3.06%), then the dollar is strong support. Now while it is difficult to say, as things can change quickly and we will see decline in yield below 3%, as it was at the end of April.
GBP / USD recommendation: flat 1,3450-1,3550.
Company analyst FreshForex