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Editors’ Picks
GBP/USD slumps below 1.2700 after BoE decision, US data
GBP/USD stays on the back foot and trades deep in negative territory below 1.2700. The BoE left the policy rate unchanged at 5.25% but none of the policymakers voted in favor of a rate hike. Meanwhile, the US data showed that private sector continued to grow in March.
Gold retreats from record high, trades below $2,180
Gold made a sharp U-turn and dropped below $2,180 after setting a new all-time high above $2,220 earlier in the day. The benchmark 10-year US Treasury bond yield started to recover toward 4.3% after upbeat US data, causing XAU/USD to deepen its correction.
