GBP trend prediction, strong decrease
Updated
The U.S. dollar and U.S. Treasury yields have fluctuated widely in recent weeks. However, both prices are stuck in a wide range, and fluctuations within this range continue. Earlier this month, the US Federal Reserve (Fed) kept interest rates unchanged at 5.25% to 5.5%. The market now expects the Fed to keep interest rates unchanged at its next meeting in December. But forecasts still suggest the Fed could raise interest rates by 25 basis points in the near future. The yield on the 10-year U.S. Treasury bond has fluctuated between 4.47% and 5.02% over the past six weeks. For now, the trading range of 4.47-5.02% is likely to remain. The 10-year Treasury yield is expected to rise within this range to 4.85-4.9% in the coming weeks.
Note
GBPUSD doesn't seem to be moving much today
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