FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that the pound is trading at a 6-year high against the dollar at just over $1.7050.



Key Quotes



"Meanwhile, the spread between 2-year UK gilts and US Treasuries has widened to 44 bp, from 28 bp around the middle of last week. However, sterling has remained roughly stable against the euro this week, with the EUR/GBP cross failing to break below the 0.7550 level even though yields have favored sterling. The spread between 2-year gilts over bunds has widened to 86 bp from 82 bp last Friday."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD to Eye 1.1000 Support on Strong U.S. Non-Farm Payrolls (NFP)

  2. Forex News

    GBP/USD dips to 2-week lows near 1.5585 ahead of UK PMI

  3. Forex News

    EUR/USD paring gains ahead of US non-farm payrolls report

  4. Forex News

    EUR/USD could see a dip towards 1.10 levels – FXStreet

  5. Forex News

    EUR/GBP keeps highs around 0.7100

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!