GBP/USD steadies around 1.2030 as firmer yields battle with UK’s Covid optimism – by anilpanchal7 GBPUSD Coronavirus RiskAppetite YieldCurve Currencies
s the previous day as the US Treasury yields underpinned the US Dollar. However, the Covid-linked optimism in the UK and China puts a floor under the prices.
On the other hand, China announced multiple measures to open national and international boundaries in a rush to convey the easing of COVID-19 fears. In doing so, the dragon nation initially ruled out the quarantine requirement for inbound travelers before stating that the nation will resume citizens' applications for ordinary passports for tourism and visits abroad from January 8, 2023.
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