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Currency Buzz: GBP/USD Regains 1.37 Mark
27-Sep-21   16:45 Hrs IST

The British pound regained $1.37 level amid a subdued dollar overseas and benefiting from the upbeat market mood and last week's BOE hawkishness. The central bank lifted its forecast for inflation and two of its policymakers called for an immediate halt to the £895 billion bond purchase programme, bringing forward expectations for an interest hike. GBP/USD pair is currently seen at 1.3710, recovering a part of Friday's losses. Meanwhile, the dollar index is currently quoting at 93.36, having briefly shot up to 93.46 as US treasury yield rose to three-month high at 1.47% as investors awaited speeches from Federal Reserve policymakers for clues on when the central bank could taper its pandemic-era economic support.

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