FX.co - GBP/USD Hot Forecast, 11 May - 2021-05-11

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Forex Analysis:::2021-05-11T10:37:36

GBP/USD Hot Forecast, 11 May

GBP/USD recorded the strongest gains since late February.
An uptick in the US bond yields, weaker risk tone underpinned the safe-haven USD and capped gains.
The downside seems limited amid an upbeat UK economic outlook and ahead of BoE Governor Bailey.

GBP/USD Hot Forecast, 11 May

Jan Novotny

Analyst InstaForex

Author articles

#Technical analysis #GBP #USD #GBPUSD

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