After Boris Johnson’s failed gambit, the passing of a No Crash Out bill has sent pound on tear. The dollar is ranging under uncertainty as geopolitical events continue keeping markets on edge.
The result is a significant gain in the GBPUSD in the last couple of weeks.
Both US and UK short term treasuries have rebounded significantly, though faced a reversal in the last week.
Similar story follows on long end of curve.
Inflation in the US seems to be recovering again UK inflation for the first time in months.