GBPUSD trading plan:
U.S. Treasury yields tumbled dropping below 1.4% for the first time since September as a risk-off sentiment took hold in markets. The two-year yield, which reflects short-term interest rate expectations down 3 basis points at 0.59%. Nonfarm payrolls increased by 210,000 jobs last month, while the unemployment rate dropped to 4.2%, the lowest since February 2020, from 4.6% in October, the U.S. Labor Department reported.
The closely watched gap between two-year and 10-year note yields narrowed to 74.40 basis points, the lowest since December 2020. This is a positive signal for the dollar.
Origin: FreshForex
