GBP/USD to inch higher towards 1.2610 and 1.2750 if December high at 1.2450 is overcome.

GBP/USD has once again failed to overcome the key resistance at 1.2450. A break above here would open up 1.2610, then 1.2750, analysts at Société Générale report.Defending 1.2010 critical for persistence in bounce

“Ongoing bounce is likely to persist towards recent high near 1.2450. If this is overcome, GBP/USD is expected to inch higher towards 1.2610 and 1.2750, the 61.8% retracement from 2021.”

“Defending recent higher low at 1.2010 is crucial for persistence in bounce.”

EUR/USD holds steady above 1.0750 on improving risk mood

EUR/USD continues to trade above 1.0750 on Monday. The data from Germany showed that IFO Business Climate Index improved to 93.3 in March from 91.1 in February, helping the Euro stay resilient against the US Dollar. The risk-positive atmosphere further supports the pair.

EUR/USD News

GBP/USD regains 1.2250, Bailey speech eyed

GBP/USD clings to modest gains above 1.2250 on improving risk mood on Monday. The US Dollar struggles to gather strength despite rising US Treasury bond yields. In the absence of high-impact data releases, investors will pay close attention to BOE Governor Bailey’s speech.

GBP/USD News

Gold extends slide to $1,950 as US yields rebound

Gold price has extended its daily slide to the $1,950 area in the European session. Amid easing fears over a global banking crisis, the benchmark 10-year US Treasury bond yield rebounds toward 3.5% on Monday, weighing heavily on XAU/USD.