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May 19 - 11:55 AM

GBP/USD - Extends North Towards 1.25 On Dollar Supply

By Rob Howard  —  May 19 - 09:40 AM
  • Cable rises to 1.2476 as the USD takes another across-the-board hit

  • 1.2339 was early London low -- before the dollar tide turned nL2N2XB0TV

  • Yellen could face G7 pressure on USD nL5N2XA4LI. G7 meeting today-Friday

  • Offers may emerge near 1.25 if ascent continues: 1.2501 was Wednesday high

  • UK April retail sales data and speech from BoE chief economist Pill Friday

  • See: nL2N2XA0KXnL2N2XB11C. 2% Bank Rate priced for November BOEWATCH

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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