GBP/USD Analysis and News:
GBP/USD on the Backfoot.
UK OIS Markets Price In Aggressive BoE Tightening. Room for Disappointment.
UK Data to Slow Down.
US 10-year treasury yields break higher, with USD/JPY and value stocks expected to gain in prominence as a result.
USD TECHNICAL OUTLOOK:
DXY trading towards important resistance test.
A sustained breakout is possible, but conviction lacks.
Price action may continue to contract through the rest of the year.