
US Dollar Climbs as Risks Swirl and Sterling Struggles for Traction. Lower GBP/USD?
On concerns about global growth, the US dollar started to rally again this week. Sterling withstood a test of support levels, but will GBP/USD continue to hold up? Investors are moving into Treasuries and Gilts as a result of increased scrutiny of China’s economy. Despite Treasury yields falling coming into Wednesday’s session, the…