GBP/USD Falls as Stronger US Yields Counter BoE Hawks
The Pound has softened against the US Dollar as rising US Treasury yields have bolstered the Greenback.
Rising US Treasury yields above 5% are limiting upside for GBP/USD, with market participants focused on upcoming comments from Federal Reserve officials later on Tuesday.
BoE Deputy Governor Dave Ramsden has signaled upside inflation risks and left the door open to further Bank Rate hikes.