GBP/USD Gains Ground as US Dollar Weakens

GBP/USD has recovered from recent losses, rising to approximately 1.2910 during Thursday’s Asian trading session. The upward movement comes as the US Dollar (USD) remains under pressure due to declining Treasury yields, diminishing investor confidence. The current yield rates for 2-year and 10-year Treasuries hover around 4.0% and 4.34%, respectively, indicating potential fluctuations ahead.