美债收益率下降支撑英镑微升

Core Viewpoint - The British pound is experiencing a slight increase against the US dollar, supported by the Federal Reserve's interest rate outlook and a decline in US Treasury yields [1] Group 1: Economic Indicators - The GBP/USD exchange rate is reported at 1.3450, with a rise of 0.13% [1] - Initial jobless claims in the US increased more than expected, indicating a slowdown in the labor market [1] - The ADP National Employment Report showed that private sector job growth in the US for August was below expectations [1] Group 2: Market Expectations - Attention is focused on the upcoming non-farm payroll report, which will provide insights into the current state of the labor market [1] - The market anticipates an increase of 75,000 jobs in August, compared to an increase of 73,000 in July [1] - The unemployment rate is expected to rise from 4.2% in July to 4.3% in August [1] Group 3: Bond Market Impact - The two-year and ten-year US Treasury yields have reached their lowest levels since May 1, influenced by expectations of a rate cut by the Federal Reserve [1] - Concerns in the UK bond market have eased, providing further support for the British pound [1] - The UK labor market is facing challenges, with a significant drop in employment numbers reported, complicating the Bank of England's policy decisions [1] Group 4: Technical Analysis - Resistance levels for GBP/USD are identified at 1.3460-65 and 1.3495-00, while support levels are at 1.3400-05 and 1.3335-40 [2] - The trading range during the Asian session was noted between 1.3436-55 [2]