GBP/USD reaches fresh monthly lows at 1.3776

The US Dollar is firmly up on Thursday over the back of inflation-related concerns in addition to the decline of U. S. Initial Jobless Claims for the second week, at 290K.

Meanwhile, the British pound has extended its slide below 1.3800 during the New York session, with losses at 0.26%, trading at 1.3788.

U. S. stocks indices rising between 0.19% and 0.58%, the market mood has slightly improved, except for the Dow Jones Industrial, dropping 0.12%.

The U. S. Dollar Index has advanced firmly 0.17%, currently at 93.722, uplifted by higher U. S. Treasury bond yields, which rallied on the expectations that high inflation in the country, could force the Fed to react, hiking interest rates, sooner than later.

Meanwhile, the U. S. 10-year Treasury yield climbed four basis points, settling at 1.677%.

On the macroeconomic front, in the UK, the Public Sector Net Borrowing for September, at £21.014B, was lower than the £27.152B expected.