Pound drops modestly on a quiet day for markets. US dollar posts mix results weakened by lower yields. The GBP/USD pair dropped further during the American session at a slow pace and printed a fresh daily low at 1.2919. It trades at 1.2923, holding a bearish bias as it continues to retreat after approaching 1.3000 last week. The pound lost ground also against the yen and the euro on Tuesday, on a day with limited price action. Still, the pound continues to show some strength as it has been the case since mid-October. Today in the United Kingdom, Prime Minister Boris Johnson and Labor leader Jeremy Corbyn will hold the first debate ahead of the general election. The US dollar did not benefit today from housing data that showed a strong rebound in October. Lower US yields weighed on the greenback. The 10-year yield dropped below 1.80% for the first time since November 4. Tomorrow FOMC minutes will be released. “It was a quiet day for financial markets, with light data flow and speakers. However, it was noticeable that fixed income markets rallied despite equity markets being stable, suggestive of a market that remains cautious about the growth outlook. The immediate focus remains on the US-China trade talks, and markets seem reluctant to move much in either direction until they are resolved”, explained ANZ analyst. GBP fails again near 1.3000 On Monday, GBP/USD reached at 1.2983 the strongest level in almost a month and then pulled back. For the third time in thirty days, the upside in the pair is capped around 1.3000. A consolidation above would clear the way to more gains, probably signaling a resumption of the rally. On the flip side, 1.2915 is the immediate support followed then by 1.2865/70 and then 1.2820. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Senate majority leader says “it’s inconceivable” will have votes to remove Trump from office FX Street 3 years Pound drops modestly on a quiet day for markets. US dollar posts mix results weakened by lower yields. The GBP/USD pair dropped further during the American session at a slow pace and printed a fresh daily low at 1.2919. It trades at 1.2923, holding a bearish bias as it continues to retreat after approaching 1.3000 last week. The pound lost ground also against the yen and the euro on Tuesday, on a day with limited price action. Still, the pound continues to show some strength as it has been the case since mid-October. Today in the United… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.