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Forex: GBP/USD holding steady around 1.5130/35

FXstreet.com (Barcelona) - After climbing to the area of 1.5185 post-BoE minutes, the sterling initiated a correction lower to the current levels around 1.5130/35, ahead of the FOMC minutes due later.

“The commitment to tilt the emphasis of expenditure more towards growth-friendly infrastructure spending and away from less efficient current spending is sensible. But this is frankly marginal and will only take effect in later years. The amount of extra cap-ex announced is a very small fraction of GDP”, argued Tristan Cooper, Sovereign Debt Analyst at Fidelity Worldwide Investment.

At the moment the pair is advancing 0.23% at 1.5129 facing the next resistance at 1.5177 (high Mar.15) ahead of 1.5186 (high Mar.20) and then 1.5200 (high Mar.5).
On the flip side, a breach of 1.5026 (low Mar.20) would open the door to 1.5022 (MA10d) and finally 1.4965 (low Mar.17).

Forex Flash: 10-year US treasuries point to lower near-term outlook – RBS

The market continues to see a 1.70-2.13% range in 10-year US Treasuries. According to the RBS Research Team, “Key resistance remains at 2.15% in 10-years, while near term resistance is 1.80%; a break through here should see extension to 1.70%. Momentum measures are looking better for bonds with short-term work now bullish and intermediate term studies (weeklies) are oversold and trying to turn bullishly as well – our bias remains to lower yields near-term.”
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