British Pound Finds Bid on Broader Optimism but Downside Risks Remain with Cloudy Yield Outlook

The GBP/USD is consolidating recent losses as fears over Ireland begin to subside opening the door for a return of risk appetite. Strong fundamentals from the Euro-zone and the U.S. are also adding to growing optimism.

GBP/USD

The GBP/USD is consolidating recent losses as fears over Ireland begin to subside opening . . . →Read More:British Pound Finds Bid on Broader Optimism but Downside Risks Remain with Cloudy Yield Outlook

Treasury Bonds Advance as Beige Book Fails to Quell Speculation on Easing

Treasury 30-year bonds rose as a Federal Reserve regional survey showing a “modest pace” in the economic recovery failed to quell speculation that policy makers will increase asset purchases to spur inflation and employment.

Yields on the longest-maturity U.S. securities touched the lowest level since Oct. 14,reversing an earlier rise,as the dollar slid . . . →Read More:Treasury Bonds Advance as Beige Book Fails to Quell Speculation on Easing

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