- GBP/USD hovers around 1.3709 as the European session closes.
- BoE’s hawkishness boosts the prospects of the British pound.
- US Durable Good Orders in August expanded 1.8%, more than July’s 0.5%.
- Chicago’s Fed President Evans commented that the US economy is close to meeting the Fed’s bar for bond tapering.
After closing in the back foot on the last week, the GBP/USD is recovering, trading at 1.3704 up 0.12% at the time of writing.
Market-mood is upbeat, as European indices are trading higher, while it is a mixed bag in the US. The Dow Jones Industrial Average (DJIA) is up to 35,041.12, gaining 0.70%, whereas the S&P 500 and the Nasdaq are down 0.09% and 0.95%, respectively.
US Dollar Index holds to last week gains
The US Dollar Index (DXY), which measures the greenback’s performance against a basket of six-peers, is steady up 0.14% at 93.40, underpinned by rising yields with the US 10-year…