- The dollar continues with the recovery on Tuesday, DXY rises 0.11%.
- The pound also fell against the euro and the Swiss franc.
The GBP / USD is falling for the second day in a row and accelerates the movementnto. The pair recently reached 1.3791, the lowest level since last Thursday. It remains in the area of daily lows, under pressure.
The pound is among the weakest in the G10 on Tuesday, with no clear reason behind it. The words of Michael Saunders of the Bank of England (BoE) did not help the coin. He said that economic conditions will determine when interest rates will rise. He added that as many stimuli are no longer necessary as before.
The dollar is rising for the second day, extending the recovery that began on Monday. The DXY climbs 0.11% and is at 92.30. Treasury yields are also on the rise, with the 10-year rate at 1.36%. Wall Street will return to normal operations on Tuesday after the holiday on Monday.
The casualties continue after not being able to with 1.3900
Technically, GBP / USD is on a very short-term bearish bias and could head towards the 20-day average that is passing through 1.3770. Below the next strong support is 1.3720 / 30.
The pullback started after GBP / USD failed to assert itself and broke 1.3900. Even though the pair exhibits a bullish bias on the day chart, it would be denied to lose 1.3740.
Technical levels
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