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The GBP/USD slides for the third time in the week, looking forward to ending the week in the red, down 0.67%, trading at 1.3696 during the New York session.
Worse than expected, heavy-tech US Q3 corporate earnings on Thursday and concerns about inflation and tight monetary policy dampened market sentiment, weakening risk-sensitive currencies like the British pound.
In the last three hours, the GBP/USD pair has shed almost 80 pips, which also could lie on month-end flows, or profit-taking ahead of a critical Federal Reserve and Bank of England monetary policy week.
U. S. T-bond yields are flat at press time, with the 10-year benchmark note steady at 1.56%, while the US Dollar is reversing Thursday losses, as the US Dollar Index is rallying 0.62%, to sit at 93.93.
