The GBP/USD pair edges lower during the Asian session on Thursday and retreats further from its highest level since May 11, touched the previous day. Spot prices slip below the 1.3600 mark in the last hour, though the fundamental backdrop seems tilted in favor of bulls and backs the case for the emergence of some dip-buying.
The US Dollar (USD) stabilized following the previous day’s US bond yields-led slump to a three-month low and turns out to be a key factor acting as a headwind for the GBP/USD pair. The decline in yields came after the US Treasury Department stepped in to provide relief to bond markets and said it would at least double…
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