GBPUSD Chart Technical Outlook continues to lose ground as US Dollar snaps its losing streak.
•Higher US Treasury yields support the USD to gain ground.
•Traders await PMI data release from the United Kingdom on Thursday.
GBP/USD continues to remain in the negative territory, trading around 1.2580 during the Asian session on Tuesday. The strength of the US Dollar (USD) could be attributed to the improved US Treasury yields, which in turn, weighs on the GBP/USD pair. Traders are awaiting meeting minutes from the Federal Open Market Committee (FOMC) scheduled for Wednesday
