Sterling dips as higher U.s. yields lift dollar

LONDON (Reuters) – Sterling dipped against the dollar on Tuesday, while the increase in U. s. yields treasury to put the usd, the demand of investors to be cautious about the easing or the corona virus lock antivirus in the united Kingdom.

Like several other countries have made progress of jonti in their economies, with a gradual attenuation, or at the time of measurement, such as the risk sentiment recovered in the market, giving the stock markets. The performance of the U. s. 10-year Treasury bonds has increased from 0.7036%.

They came together briefly in Asian trading after the Prime Minister, Boris Johnson, in a series of cautious plan, on Monday, to get Britain back to work, but has sunk in the course of trading in London, its message is prompted to confusion, and even other religions.

Viraj Patel, FX, and global macro strategist at Arkera, said that the book had a mixed start to the week, with little lasting impact of ” Johnson announced. “Instead, the dollar remains supported by a rise in U. s. yields,” he added.

The british pound was last up 0.7%, lower at $1.2324, after having slipped below $1.23. Against the euro, it was 0.4% lower at 87.71 pence.

The government has published a 51-page document, as well as a staging company, to enable companies to jonti, tips on how to avoid the public transport and the wearing of face coverings, as well as an-14-day quarantine for most international arrivals.

There was a lack of specific detail, though, on what employers must do to ensure the safety of the workers and the leaders of Scotland, Wales and Northern Ireland have said they were sticking with the new “stay-at-home message.

“The Prime Minister Boris Johnson speech, had a muted impact on the pound, with markets focusing on the lack of clarity, rather than the slow path to re-opening of the economy,” ING strategists said in a research note.

“As the appetite for risk is likely to remain at the disposal of this week, without the risk events on the horizon, and the lower expectations of an imminent escalation in us-China trade tensions), suggesting a neutral outlook for the pound sterling and the dollar, with the cross, staying within a narrow range of $1.2240-$1.2520.”

ING has also noted the increase of the short position on the pound in the last CFTC data, as well as the increase of the uncertainty on the UK of EU trade negotiations.

The british economy has retreated from the pandemic, while brexit negotiations continue with little progress on the main sticking points before a November deadline to agree on an extension of the negotiations.

The Bank of England, last week’s hero, an interest rate unchanged at its meeting and announced no new stimulus measures, but he said that he was ready to take new measures against the corona virus (the pandemic game.

Its chief economist Andy Haldane said that there was a risk that the pandemic will be the cause of a long lasting hit of expenditures by businesses dealing with more debt, and households worried about their job prospects.

British retailers have warned the government that its business plan of rescue of bas-reliefs, grants and loans will not be enough to put an end to the imminent collapse of many companies.

First-quarter GDP figures will be released for the UK on Wednesday this week.