30 days ago • Posted by Ajmir Omid
Markets Europe opening #markets #EU #pound #dollar #trading
This morning, the sentiment is downbeat. US and European futures are extending losses for the 3rd consecutive session as the hawkish drumbeat from central banks reverberated across markets. Treasuries are on a slide, with the 2-year yield hitting 3.5% for the first time since 2007! The dollar is advancing as investors sought a safe haven and the pound is approaching the 2020 lows against the dollar as the UK is experiencing one of the biggest squeezes on living standards in a century thanks to soaring energy bills.