Yields are clearly on the rise today as investors have finally started to align with comments from Bank of England (BOE) governor Mark carney, according to whom BOE is likely to follow FED and hike rates.
- UK 2 year yield is up 3.7%, trading at 0.61%.
- UK 5 year yield is up 2.3%,trading at 1.51%
- UK 10 year yield is up 2.2%, trading at 1.98%.
- UK 30 year yield is up 1.5%, trading at 2.66%.
However there is no beating the US rates ahead of FOMC meeting, scheduled at 18:00 GMT.
- US 2 year yield is up 5.4% today, trading at 0.7%.
BOE rate hike outlook is clearly bullish for pound, however clear direction is likely to remain clouded by volatility, due to rate hike expectations from FED, as early as September this year.
Pound traded as high as 1.569 against dollar today, however retreated sharply over position sizing ahead of FOMC. Pound is currently trading at 1.563 against dollar.


World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game
AI Memory Boom Sparks Global Chip Supply Crunch
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140?
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns
How AI prompting turned writerly description into an everyday skill
How Donald Trump has changed the way diplomacy is done 



