27 September 2021, GBP/USD
GBPUSD trading plan:
U.S. Treasury yields jumped at the end of last week as a reprising of portfolios continues in the wake of the Federal Reserve's decision to soon begin tapering its massive bond purchases, a move that could lead to higher interest rates next year. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, was at 118.2 basis points. This is good news for the dollar. The bullish rally in the oil market will have a positive impact on the value of the British currency, as assets correlate with each other. Oil prices rose on last week, supported by growing fuel demand and a draw in U.S. crude inventories as production remained hampered in the Gulf of Mexico after two hurricanes.
Investment idea: range 1.3640 -1.3740.
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