GBP/USD rebound pokes 1.2000 with eyes on BOE’s Bailey, Fed talks – by anilpanchal7 GBPUSD BOE Fed China RiskAppetite
The recovery in the market’s mood could be linked to An easing in China’s daily covid infections from an all-time high of 40,347, to 38,645. On the same line could be the upbeat performance of Chinese equities as the national securities regulator lifted a ban on equity refinancing for listed property firms, per Reuters.
UK PM Rishi Sunak’s indirect attack on Chinese policies joined British Foreign Secretary James Cleverly’s statements pushing Beijing to take note of the lockdown protests to highlight the recently sour terms between Britain and China. While portraying the mood, the US stock futures and equities in the Asia-Pacific region print mild gains despite the downbeat performance of Wall Street. Further, the US 10-year Treasury yields remain depressed near 3.69% by the press time and weigh on the US Dollar amid the risk-on mood.
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