Dollar takes on water as real yields fall ahead of initial jobless claims data
(WorldNews France)

GBP Sterling slumped yesterday after a bleak Q2 GDP reading, but the glimmer of hope seen in the July reading of 8.7% growth helped limit the pound`s losses against the dollar. GBPUSD has bounced back today to trade above yesterday`s open this morning on what is `basket selling and falling US Treasury yields` according to Asia-based FX traders. The Royal Institute of Chartered Surveyors released the results of their monthly survey of members. It showed that the balance of surveyors reporting house price increases had swung into positives for the first time since March, reaching +12%. Prices rose in all covered regions except London. New buyer enquiries surged by 75%, and expectations for...