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Feb 23 - 04:55 AM

GBP/USD - Holds Above 1.4050 After UK Jobless Rate As F/c

By Rob Howard  —  Feb 23 - 02:35 AM
  • GBP has traded above 1.4050 since scaling new 34-month peak of 1.4086 Monday

  • 1.4050 is a former resistance level (Monday's Asian session high)

  • Pound underpinned by BoE rate expectations and UK economic recovery hopes

  • On Monday, UK PM announced roadmap out of lockdown for England nL8N2KS593

  • 1.4036 (Friday's high) and 1.4000 are support points below 1.4050

  • 1.41 is an obstacle beyond 1.4086. UK jobless rate 5.1%, as f/c nL8N2KT1O3

GBPUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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