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FX.co ★ GBP/USD Hot Forecast, 11 May

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Forex Analysis

2021-05-11T10:37:36
iconRelevance until2021-05-12

GBP/USD Hot Forecast, 11 May

  • GBP/USD recorded the strongest gains since late February.
  • An uptick in the US bond yields, weaker risk tone underpinned the safe-haven USD and capped gains.
  • The downside seems limited amid an upbeat UK economic outlook and ahead of BoE Governor Bailey.

GBP/USD Hot Forecast, 11 May

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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